EU countries now import more natural gas from the U.S. than from Russia
— Philipp Heimberger (@heimbergecon) January 12, 2023
That you observe in those data. I have to wonder how much energy from other sources originates in Russia.
— Stephen Miran (@SteveMiran) January 12, 2023
Pretty unbelievable, and not cost effective at all. Only took a war in Ukraine and 1.5 pipelines to blow up to make it happen.
— Buckmaster (@Buckthemaster) January 12, 2023
No they don't. That's just gas. They still overall import more energy from Russia, by volume (but not by price).
— Russia Unplugged (@UnpluggedRus) January 12, 2023
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.