EU Struggles To Reduce Reliance on Russian LNG

Barchart · 10/16 11:02
Europe still keeps importing vast volumes of Russian gas, even though the Ukraine war continues. Importing Russian gas directly finances the ongoing onslaught of Russia’s army in Ukraine. To find a solution to the latter, European ministers are meeting in Luxembourg to assess the upcoming winter gas situation of the union, especially in light of the expiration of a key Ukraine-Russia gas transit agreement on December 31, 2024. Energy security at present is not at risk, but unforeseen market fundamentals could still risk a shortage. Keeping…