1 week ago
European Energy Crisis: How Russia and Qatar Shocks Are Threatening EU Industrial Power
AnalysisEnergy PricesEU Gas SupplyEuropean DeindustrializationEuropean Energy CrisisLNG MarketQatar Force MajeureRussia LNG ExportsStrait of Hormuz
TLDR: Europe still imported 2 billion cubic feet per day of Russian LNG last year, half of Russia’s total exports. Qatar supplies 20% of global LNG and declared force majeure, with production halted for at least one month. The U.S. now controls over 50% of Europe’s LNG supply, giving Washington direct leverage over EU energy [...]
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