Europe would be on "red alert" for gas supply over the upcoming winter and it is the consequence of their actions. This comes amid reports of EU importing more U.S. LNG than Russian pipeline gas for the first time ever.
As a result of Moscow cutting off supplies to Europe earlier this month, the European Union bought more liquefied natural gas (LNG) from the United States in June than it had ever done before, according to Fatih Birol, Executive Director of the International Energy Agency (IEA).
“Russia’s recent steep cuts in natural gas flows to the EU mean this is the 1st month in history in which the EU has imported more gas via LNG from the US than via pipeline from Russia,” Birol tweeted today, sharing an analysis from the IEA.
“The drop in Russian supply calls for efforts to reduce EU demand to prepare for a tough winter,” the head of the Paris-based agency added.
Europe is scurrying to replenish gas storage sites to acceptable levels before the winter due to t...