”Since the cessation of most Russian gas supplies, reducing Europe’s energy vulnerability, and thus improving its economic security, has been a key issue for European decision-makers. However, recent pressure from the United States on Europe to increase its purchases of US hydrocarbons could raise fears of a new significant dependence on US liquefied natural gas (LNG). In general, gas supplies to European countries remain a key issue, not only in terms of exposure to geopolitical risk but also in terms of economic stability. Despite significant progress in decarbonisation, natural gas still accounts for a quarter of the total European energy mix and around 18% of the electricity mix. Above all, its price is the key factor in setting wholesale electricity prices in Europe.”
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Morten W. Langer
