Russian Gas Imports to EU Overtake American Shipments For First Time in Nearly Two Years

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Russian Gas Imports to EU Overtake American Shipments For First Time in Nearly Two Years
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Russian natural gas imports to the European Union have overtaken those from the United States for the first time in nearly two years after Brussels sanctions over the Ukraine invasion took hold.

Following energy sanctions from Brussels and individual member states, the United States surpassed Russia in September of 2022 and has come to supply the EU with around one-fifth of its natural gas imports, the vast majority being LNG shipped in tankers across the Atlantic. However, last month, U.S. supply only counted for 14 per cent, falling behind Russia and Norway.

The continued dependence on Russia — and indeed the United States — comes in large part due to the pursuit of so-called green forms of energy while actively spurning domestic fracking for natural gas and a refusal to invest in viable carbon-neutral forms of energy like nuclear power. However, despite natural gas being a critical component in much of its manufacturing base, Germany, alongside other major European powers like France and Spain, banned fracking for natural gas over its debated environmental impacts. Conversely, the United States has actually managed toits carbon emissions over the past two decades with the shale gas revolution which has also made the country essentially energy-independent.

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