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Russia Overtakes U.S As Biggest Gas Supplier To Europe (Photos) - Politics - Nairaland 224ls

Russia Overtakes U.S As Biggest Gas Supplier To Europe (Photos) (22819 Views)

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WriterNig: 7:44pm On Jun 19, 2024
https://www.telegraph.co.uk/content/dam/news/2024/06/13/TELEMMGLPICT000381629333_17183021817270_trans_NvBQzQNjv4BqKkzUGe8q7_A35DWV6BPUcd6nREIXFSXlMWnpS2XfpTI.jpeg

🇷🇺 Russia overtook US as gas supplier to Europe in May. Rise in market share highlights the impossibility of weaning Europe off Russian energy.

Europe’s gas imports from Russia overtook supplies from the US for the first time in almost two years in May, despite the region’s efforts to wean itself off Russian fossil fuels since the full scale invasion of Ukraine.

While one-off factors drove the reversal, it highlights the difficulty of further reducing Europe’s dependence on gas from Russia, with several eastern European countries still relying on imports from their neighbour.

“It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and de-risk energy supply,” said Tom Marzec-Manser, head of gas analytics at consultancy ICIS.

The US overtook Russia as a supplier of gas to Europe in September 2022, and has since 2023 ed for about a fifth of the region’s supply.

But last month, Russian-piped gas and LNG shipments ed for 15 per cent of total supply to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina and North Macedonia, overtaking the U.S according to data from ICIS.

Financial Times || Oil Price

16 Likes 1 Share

jaeyking(m): 6:16am On Jun 20, 2024
grin grin with the war with Ukraine and all

Russia and Putin be like
I run the streets of Europe
I'm the king of Europe😃😃

USA stick to your North American Soil

Well it's been long we heard from the great Britain

150 Likes 8 Shares

Parydelegate: 6:16am On Jun 20, 2024
How many for LIKES for PUTIN grin

The UK is still affected by the war in Ukraine. Energy price has gone up....thankfully Inflation is coming down. Now at 2%

157 Likes 2 Shares

fredoooooo: 6:16am On Jun 20, 2024
Something is not right here. So Europe still do business with them, After they make the world belive they're not getting anything again from them . The west and lies and propaganda grin

227 Likes 8 Shares

Matheusmartin: 6:17am On Jun 20, 2024
...
Is it ironical that the same people ing and hailing Russia for invading a sovereign nation even without prior provocation are exactly the same people criticizing Israel for retaliation after the October 7th attack.

The agenda is clearly against America,and by extension her allies..

36 Likes 6 Shares

mactoni91(m): 6:17am On Jun 20, 2024
Biggest supplier with plenty of sanctions

22 Likes

emmadejust(m): 6:18am On Jun 20, 2024
Putin know something and seems to have prepared ahead of this day

35 Likes 2 Shares

ipobarethieves: 6:19am On Jun 20, 2024
Ok

1 Like

ShinnBet: 6:19am On Jun 20, 2024
AmeriKKKa is finished .


The US is a testament to Jewish corruption .

36 Likes 2 Shares

dragunov: 6:19am On Jun 20, 2024
WriterNig:


🇷🇺 Russia overtook US as gas supplier to Europe in May. Rise in market share highlights the impossibility of weaning Europe off Russian energy.

Europe’s gas imports from Russia overtook supplies from the US for the first time in almost two years in May, despite the region’s efforts to wean itself off Russian fossil fuels since the full scale invasion of Ukraine.

While one-off factors drove the reversal, it highlights the difficulty of further reducing Europe’s dependence on gas from Russia, with several eastern European countries still relying on imports from their neighbour.

“It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and de-risk energy supply,” said Tom Marzec-Manser, head of gas analytics at consultancy ICIS.

The US overtook Russia as a supplier of gas to Europe in September 2022, and has since 2023 ed for about a fifth of the region’s supply.

But last month, Russian-piped gas and LNG shipments ed for 15 per cent of total supply to the EU, UK, Switzerland, Serbia, Bosnia and Herzegovina and North Macedonia, overtaking the U.S according to data from ICIS.



Haha! We're is the picture. I thought I will see Russian gas overtaking it's American counterpart on a track field. Mtcheweew.

7 Likes

tunwumi: 6:20am On Jun 20, 2024
Oopps.

Russia has the highest proven gas reservoir in the world.

11 Likes

Matheusmartin: 6:22am On Jun 20, 2024
ShinnBet:
AmeriKKKa is finished .


The US is a testament to Jewish corruption .

..
U'd probably the jews for your inability to impregnate your wife...

5 Likes

Gerrard59(m): 6:22am On Jun 20, 2024
To be fair, supply from the US ebbed while that from Russia increased. In the coming months, the US should be top again. But hey, this goes to show people that the average human cares about his/her immediate interests - in this case - low energy prices. Let's not forget the hundreds of Western companies still operating in Russia as I write and the continuous supply of crude oil to Europe via India.

In Economics we trust!

17 Likes 1 Share

bewla(m): 6:22am On Jun 20, 2024
Cut all USA

1 Like

kheny12(m): 6:22am On Jun 20, 2024
Russia have the resources.

4 Likes

Kingdavid579(m): 6:24am On Jun 20, 2024
Is usA in competition with them?

4 Likes 2 Shares

YeyeGbami: 6:25am On Jun 20, 2024
With all the sanctions. lmao

110 Likes 1 Share

Akinsete19(m): 6:26am On Jun 20, 2024
Wow, despite all the sanctions

7 Likes 1 Share

bassdow: 6:27am On Jun 20, 2024
is the sanctions not working ?

Shebi most european Countries don Ban Russian fuel

8 Likes 1 Share

loswhite(m): 6:28am On Jun 20, 2024
fredoooooo:
Something is not right here. So Europe still do business with them, After they make the world belive they're not getting anything again from them . The west and lies and propaganda grin
lol why are you guys obsessed with the west?

2 Likes

BodyCount: 6:29am On Jun 20, 2024
grin
HYPOCRITES of Europe countries...

Even with all the sanctions, they are still drinking Russia's gas to survive. Bloody fòols.

23 Likes 1 Share

omoredia: 6:29am On Jun 20, 2024
US needs Trump

5 Likes

bassdow: 6:29am On Jun 20, 2024
fredoooooo:
Something is not right here. So Europe still do business with them, After they make the world belive they're not getting anything again from them . The west and lies and propaganda grin
even the USA still does business with Russia.

In fact the USA is selectively applying sanctions on Russia.

Mind you, some western Companies are yet to leave Russiia e.g macDonald

11 Likes 1 Share

bassdow: 6:29am On Jun 20, 2024
bassdow:
even the USA still does business with Russia.

In fact the USA is selectively applying sanctions on Russia.

Mind you, some western Companies are yet to leave Russiia e.g macDonald
GentleRay: 6:30am On Jun 20, 2024
No wonder they are sending Ukraine to bomb Russia oil & gas facilities.

12 Likes

bassdow: 6:30am On Jun 20, 2024
Russia really have no need to use their Nuclear weapons. Probably there as a very last resort.

They have other things they could use hence reason the entire NATO can't misbeHave

8 Likes

BodyCount: 6:31am On Jun 20, 2024
omoredia:
US needs Trump
Trump is a bastarɗ
He's no better than Biden
I hope none of them wins

5 Likes

bassdow: 6:31am On Jun 20, 2024
bassdow:
Russia really have no need to use their Nuclear weapons. Probably there as a very last resort.

They have other things they could use hence reason the entire NATO can't misbeHave
...but you see all these waka Putin dey Waka, dey strengthen ties with Russia and even NorthKorea, that guy get serious dangerous plan.

7 Likes 1 Share

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