According to the Institute for Energy Economics and Financial Analysis (IEEFA), the EU has adopted a "new possibly high-risk geopolitical dependence" on natural gas from the United States, expanding imports. This informing occurs erstwhile relations between Brussels and Washington have fallen to evidence low levels due to tensions around Greenland.
Think tank based in Ohio calculated that the United States could supply up to 80% of EU imports of liquefied natural gas (LNG) by 2030.
He noted that LNG imports to the EU had increased almost 4 times between 2021 and 2025, even though the US option was the most expensive.
The fresh addiction follows the gradual withdrawal of pipeline gas from Russia, the erstwhile largest supplier, after the escalation of the conflict in Ukraine in 2022 and the resulting sanctions.
The confrontation between Brussels and Washington on Greenland intensified last week erstwhile US president Donald Trump announced the introduction of a 10% duty, starting on 1 February, on imports from 8 European NATO states that argue his efforts to take over the island, informing of further growth if no agreement is reached.
Trump has long sought American control over Denmark's autonomous territory, arguing that the island is crucial to the US's defence against hypothetical threats from Russia and China.
The US president uses energy as a key bargaining instrument in trade negotiations.
Under the agreement announced last July, the EU agreed to acquisition US energy products worth $750 billion by 2028 to avoid higher tariffs.
This commitment has been widely criticised as being forced, unattainable and harmful to the EU's climate objectives.
The global Energy Federation (IEFA) calculated that if the same amount were allocated to renewable energy sources, adequate combined solar and wind power could be provided to increase energy safety and lower electricity prices.
The sharp simplification in imports of comparatively inexpensive Russian pipeline gas after 2022 triggered an energy crisis in the EU, causing permanent economical harm to the block, causing a sharp increase in wholesale energy prices, increased maintenance costs and weakened industrial competitiveness.
Russia maintains that it is inactive a reliable supplier, while condemning Western sanctions as against global law.
The country has successfully moved exports to ‘friendly’ markets.
Translated by Google Translator
source:https://www.rt.com/news/631146-eu-dependency-us-lng/
