Russian LNG Clout in Europe Strengthens as US Ships Head to Asia
- Trade flows have shifted as Asian consumers pay higher prices
- Russian LNG flows to Europe have been stable in past two years
An LNG tanker.
Photographer: Mark Felix/BloombergThis article is for subscribers only.
Europe just can’t seem to shake its reliance on Russian liquefied natural gas.
The nation was close to becoming the biggest supplier to the region in July after US flows declined amid an outage and higher prices in Asia. The gap in deliveries to western Europe is now the smallest since late 2021.