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Europe’s Gas Buyers Can’t Quit Russian LNG

Importing more from Moscow may not be a good look, but policymakers have few other options.

Gas flares off under heavy snowfall at an LNG plant on Sakhalin island.

Gas flares off under heavy snowfall at an LNG plant on Sakhalin island.

Photographer: NATALIA KOLESNIKOVA/AFP via Getty Images

Welcome to Energy Daily, our guide to the energy and commodities markets powering the global economy. Today, we look at Europe’s efforts to turn away from Russian LNG, while in oil, US futures have seen their biggest rally of the year. To get Energy Daily in your inbox, sign up here.

European Union officials are stuck between a rock and a hard place: How to curtail reliance on liquefied natural gas from Russia without triggering a spike in prices?