Europe is dependent on gas – and is trading one energy risk for another. Booming American supplies now account for about half of the region's LNG imports.
If gas delivered via pipelines is also taken into account, the USA is the bloc's second-largest gas supplier after its neighbor Norway. Europe's energy security remains dependent on factors well beyond its control, such as: B. the Atlantic hurricane season or political games in Washington, DC. To source the fuel crucial to heating Europe's homes, generating electricity and powering industry, energy traders now have to factor in events thousands of miles away.