US overtakes Russia in gas exports to EU

Saturday, 2 July 2022newsdesk

For the first time, the EU has purchased more liquified natural gas (LNG) from the US than natural gas via pipeline from Russia, International Energy Agency (IEA) Executive Director Fatih Birol tweeted on Thursday, adding that the proportion changed due to the latest reduction in Russian supplies.

New Delhi, 02 July 2022

“Russia’s recent steep cuts in natural gas flows to the EU mean this is the first month in history in which the EU has imported more gas via LNG from the US than via pipeline from Russia,” Birol wrote. “The drop in Russian supply calls for efforts to reduce EU demand to prepare for a tough winter,” he added. As per news report of Rt.com, the surge in imports of American LNG comes amid the European Union’s attempt to cut reliance on Russian energy, which makes it difficult for the bloc to ratchet up Ukraine-related sanctions.

Source -Rt.com