... of dollars worth of LNG contracts allegedly left unfulfilled, Europe faces potential shortfalls in an already strained energy environment, particularly critical with winter approaching. In this article, we examine why U.S. suppliers are redirecting LNG away from Europe, the implications for European energy security, and potential actions Europe may consider to reduce its dependency on unpredictable LNG supplies. The State of U.S. LNG Supplies to Europe The United States, now a major LNG supplier, entered multiple ...

... require major upgrades and new terminal constructions. Cost Considerations: U.S. LNG tends to be more expensive due to higher liquefaction and transatlantic transportation costs. For European consumers, this means increased gas prices. In 2023, U.S. LNG prices in Europe averaged 15-20% higher than Russian LNG prices. Logistical Risks: Transporting LNG from the United States depends on stable shipping routes and significant logistical resources. Higher import volumes may strain the main maritime routes, posing ...

... and reduce dependence on Russia, but how realistic is it to do so? Let's figure out what opportunities and risks this idea hides and how replacing Russian LNG with American LNG will affect the European market and investors. The current situation with LNG consumption in Europe Europe is actively increasing its LNG consumption, especially after the 2022 energy crisis caused by the restriction of Russian gas supplies. According to the International Energy Agency (IEA), in 2023, LNG import volumes to Europe exceeded 140 ...

Gazprom says the United States is failing to deliver liquefied natural gas (LNG) to Europe, covering contracts worth tens of billions of dollars. This article looks at the reasons for the supply diversion, the implications for Europe's energy security, and possible steps the EU could take to protect its energy supplies ahead of winter....

... likely only after 2035. This conclusion was drawn by analysts at Kept. Russia had aimed to increase its global market share from 8% in 2023 to 20% by 2030—five years earlier than the revised timeline. To achieve this, the country planned to raise LNG production from 33 million tons in 2023 to 100 million tons by 2030, leveraging pre-approved projects. This was intended to partially offset reduced pipeline gas supplies to Europe, as noted by Russian Deputy Prime Minister Alexander Novak at the end of last year. The first major project, "Arctic LNG-2," was expected to spearhead this growth, with its first phase scheduled to launch in 2024, adding 6.6 million ...