Russia overtook the U.S. in terms of natural gas supplied to Europe in May as the war in Ukraine continues, according to Financial Times.
Once the leading supplier of gas to Europe, Russian deliveries fell off drastically following the start of the war in Ukraine as European states rushed to support the Ukrainian cause, according to Financial Times. However, despite the West’s sanctions and attempts to get off of Russian fuels, Europe is still buying considerable amounts of gas from Russia while the Biden administration has paused approvals for new liquefied natural gas (LNG) export terminals, further complicating Europe’s long-term energy supply.
Critics of the LNG pause have voiced concerns that the Biden LNG pause introduces needless uncertainty into Europe’s energy planning for the future. “One-off factors” were responsible for Russia overtaking the U.S. in May,…
