Europe’s Second Winter Without Russian Gas: The Role of American LNG Exports

U.S. exports are at all-time historic highs and America is now the single largest LNG exporter in the world, with roughly half of U.S. cargoes going to Europe since the invasion and America rising to become the second-largest supplier of gas to Europe after only Norway Approaching the second winter after Russia’s invasion of Ukraine, the European Union has made real progress in overcoming the severe energy shortage that followed the August 2022 shutdown of the Nord Stream pipelines. Through the first nine months of this year, Russian gas comprised only 6% of EU imports compared to 38% in pre-pandemic […]