Story perspectives
Europe’s LNG reliance rises after Russian, Middle East supply cuts
By Drooid · · How we work
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Story summary
- Europe has become more reliant on global liquefied natural gas after losing steady Russian pipeline gas.
- The seasonal trade of buying cheap summer gas and selling it at winter prices has unraveled for a second year.
- The Iran conflict this year has further choked off crucial Middle Eastern gas supplies.
- These supply disruptions have increased uncertainty for Europe's winter energy security.