For the first time, the US is supplying more natural gas to Europe than Russia sends by pipelines, according to the International Energy Agency.
Europe is seeking alternatives such as US liquefied natural gas to Russian supplies after Gazprom PJSC slashed shipments through Nord Stream, its biggest pipeline to Europe, and cut off shipments to countries that didn’t comply with new payment terms. Russia met more than a third of the European Union’s gas demand last year.
“Russia’s recent steep cuts in natural gas flows to the EU mean this is the first month in history in which the EU has imported more gas via LNG from the US than via pipeline from Russia,” IEA Executive Director Fatih Birol said in a tweet. “The drop in Russian supply calls for efforts to reduce EU demand to prepare for a tough winter.”
