Russia overtook US as gas supplier to Europe in May (www.ft.com)

submitted 5 months ago by yogthos@lemmygrad.ml to c/news@hexbear.net

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[-] AstroStelar@hexbear.net 2 points 5 months ago* (last edited 5 months ago)

The reversal was “not likely to last”, said Marzec-Manser of ICIS, as Russia would in the summer be able to ship LNG to Asia via its Northern Sea Route. That was likely to reduce the amount sent to Europe, while US LNG production had picked up again, he said.

“Russia has limited flexibility to hold on to this share [in Europe] as demand [for gas] rises into next winter, whereas overall US LNG production is only growing with yet more new capacity coming to the global market by the end of the year,” he added.

Sure... based off this graph it would only be a matter of time before it happens again, though.

The European Commission is supporting efforts to establish an investment plan to expand the capacity of pipelines in the Southern Gas Corridor between the EU and Azerbaijan.

Ethnically cleansing Nagorno-Karabakh is fine apparently.

this post was submitted on 16 Jun 2024

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