Daily Energy Report

EU & Russia gas interdependence, US rig count, Gazprom boosts oil, Houthi attacks, LNG vessel sails Red Sea, China’s EV subsidies, Europe solar fantasy, Russia transshipments, and more.

Chart of the Day: EU & Russia Gas Interdependence

Summary

The EU is trying to halt or limit LNG imports from Russia. Most Russian LNG exports go to Europe, making Russia dependent on Europe. Figure (1) above shows Russia’s LNG exports by destination. It shows that more than 54% of Russian LNG goes to Europe. 

EOA’s Main Takeaway