For the first time, the United States sends more gas to Europe than Russia

For the first time, the United States is supplying more natural gas to Europe than Russia sends through pipelines, according to the International Energy Agency.

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(Bloomberg) — For the first time, the United States is supplying more natural gas to Europe than Russia sends through pipelines, according to the International Energy Agency.

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Europe is seeking alternatives such as US liquefied natural gas to Russian supplies after Gazprom PJSC cut shipments through Nord Stream, its largest pipeline to Europe, and halted shipments to countries that failed to meet the news Payment Terms. Russia met more than a third of the European Union’s gas demand last year.

“The recent sharp cuts in natural gas flows to the EU by Russia mean this is the first month in history in which the EU has imported more gas via LNG from the US than via a pipeline from Russia,” IEA Executive Director Fatih Birol said in a tweet. “The drop in Russian supply calls for efforts to reduce demand from the EU to prepare for a difficult winter.”

The surge in U.S. LNG imports comes as the country ramps up production of super-chilled fuel after beginning Gulf Coast exports in 2016, transforming global energy trade. US shipments remain strong even after a fire at the Freeport LNG plant in Texas, which was closed for extended repairs.

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After Russia’s war on Ukraine, the EU in March accepted an additional 15 billion cubic meters of US LNG this year to replace Russian gas. In an ambitious goal, the bloc has sought to replace a third of Russian gas with LNG from various sources this year.

Russia annually ships about 150 billion cubic meters of gas to Europe via pipelines, and another 14 to 18 billion cubic meters of LNG.

Combined with Russian LNG, which continues to arrive in Europe with the exception of the UK, the country could still be a more important overall gas supplier to Europe than the US. In 2021, Russia was Europe’s third-largest LNG supplier, after the United States and Qatar and ahead of Algeria, according to BP Plc’s annual global energy statistical review.

Mary I. Bruner