US LNG has eclipsed Russian pipelines for the first time as a source of natural gas for Europe, IEA says
- US LNG supplies to
Europeeclipsed Russian pipeline flows for the first time, the IEA's chief tweeted.
- "The drop in Russian supply calls for efforts to reduce
EUdemand to prepare for a tough winter," Fatih Birol said.
Russian supply accounted for one-third of Europe's
"Russia's recent steep cuts in
US exports of LNG are steadily ticking up even after a fire at the Texas-based Freeport export terminal suffered damage from a fire that shuttered the facility.
But when accounting for overall gas flows, Russia may still be a bigger supplier to Europe than the US. Russia was the third-largest supplier of LNG to Europe in 2021 behind the US and Qatar, Bloomberg noted.
The US began exporting LNG in 2016 in an effort to diversify energy trade. LNG is cooled down to freezing temperatures for ease of storage and transport as it only takes up a fraction of the space that general natural gas does.
And Europe is growing more dependent on US-sourced LNG after Russia's invasion of Ukraine, as the EU agreed earlier this year to an additional 15 billion cubic meters of the super-chilled gas to alleviate a lack of Russian supply.
The EU is pushing even further now and wants to fully replace its one-third dependence on Russian flows from sources across the globe. Russia averaged roughly 150 billion cubic meters of gas to Europe annually, and an additional 14 million to 18 million cubic meters of LNG.
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