Russia has overtaken the United States as the top exporter of natural gas to Europe despite the continent trying to break its reliance on Russian energy in response to Russia’s war in Ukraine.
Russian President Vladimir Putin cut his country’s supply of gas to Europe following his invasion of Ukraine in February 2022 and the continent responded by importing liquified natural gas (LNG) from the U.S.
“The US overtook Russia as a supplier of gas to Europe in September 2022, and has since 2023 accounted for about a fifth of the region’s supply,” The Financial Times reported. “But last month, Russian-piped gas and LNG shipments accounted for 15 per cent of total supply to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina and North Macedonia, according to data from ICIS.”
U.S. shipments of natural gas to Europe have since fallen to 14% of the region’s supply, the report…
