Daily Energy Report
EU LNG imports from the US, EPA’s proposed new emissions standards, OPEC crude production, Russian oil exports, US SPR, and more
CHART OF THE DAY: The LNG Interdependence between the EU and the US
Figure (1) above shows that while the EU sources its LNG needs from 10 countries, about 90% of its imports are from five suppliers. The EU depends on the US for 44% of its LNG requirements.
Although some EU members have halted or reduced their dependence on piped Russian gas, they have sharply increased at the same time their imports of Russian LNG.