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EU countries now import more natural gas from the U.S. than from Russia


How Europe is Decoupling From Russian Energy – Russian Natural Gas Exports to the EU are Down Nearly 90%—but the EU has Been Able to Replace Russian Supplies with Record Liquefied Natural Gas Imports

However, thanks to a rapid buildout of liquefied natural gas capacity, new sources of energy imports, reduced consumption, and fortuitously warm weather, the EU has significantly improved its energy outlook since this summer—and the worst possibilities for this winter look to have been avoided. The energy crisis is still a significant drag on European growth and a massive contributor to inflation, and markets still anticipate elevated natural gas prices until 2026, but the situation now poses less of an existential risk. Critically, European economies have been able to buy themselves more time—the most valuable resource in their efforts to become independent of Russian energy.