Auditors warn of LNG dependency after Russian sources cut off
The successful phasing-out of gas imports from Russia risks making Europe dependent on liquified natural gas (LNG) imports, according to a report published by the European Court of Auditors (ECA) today (June 24) . Between 2021 and 2022, LNG imports increased from 80 billion cubic meters (bcm) to 120 bcm — reflecting an increase from 22% to 34% of total gas imports including from Russia and pipeline — according to the ECA. By 2023, the largest LNG global exporters to the EU were Norway (30%), the US (19.4%) and North Africa (14.1%), Russia was still responsible for 6.1% of LNG imports alongside...