US EditionThe EU Is Addicted to American Economic Punishment
4 Articles
4 Articles
The IEEFA think tank warns: there is a risk of replacing one addiction with another. ...
The EU is addicted to American economic punishment
Gas pipelines in Edersee, Germany. The bloc’s dependence on US natural gas is reportedly on its way to 80%. An American think-tank has some bad news for Europe. Just as the continent tries to wriggle free from an abusive relationship with Washington, it turns out they’ve never been more dependent on their tormentor. “EU risks new energy dependence as U.S. could supply 80% of its LNG imports by 2030,” blared the latest report from the Institute f…
At the current rate, as much as 80% of European LNG imports could come from the US by 2030. What was supposed to be a solution to Europe's dependence on imports from Russia could turn out to be a new dependency. And—as Donald Trump's actions and threats regarding Greenland demonstrate—it could also be dangerous for Europe. Therefore, experts warn against overreliance on imported gas.
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