EU Struggles To Reduce Reliance on Russian LNG

Europe still keeps importing vast volumes of Russian gas, even though the Ukraine war continues. Importing Russian gas directly finances the ongoing onslaught of Russia’s army in Ukraine. To find a solution to the latter, European ministers are meeting in Luxembourg to assess the upcoming winter gas situation of the union, especially in light of the expiration of a key Ukraine-Russia gas transit agreement on December 31, 2024. Energy security at present is not at risk, but unforeseen market fundamentals could still risk a shortage. Keeping…