Europe’s Dependence on U.S. LNG Is Set to Surge

The European Union’s dependence on liquefied natural gas from the United States is set to rise significantly, reaching 80% of all LNG imports in two years, the Institute for Energy Economics and Financial Analysis has warned.

In a report cited by Reuters, IEEFA noted that the European Union already imports significant volumes of U. S. liquefied gas, creating a potentially risky dependence on a single supplier. LNG imports from the United States into the EU accounted for 58% of overall LNG imports.