Get News Fast
America and Europenewsworld newsYoung Journalist Club

Politico: Europe worries about growing dependence on US LNG

Europe is increasingly concerned about increasing dependence on US liquefied natural gas (LNG) amid possible supply cuts and rising prices.

At the beginning of 2024, the White House announced the suspension of licensing for the export of LNG, which has been actively replacing Russian energy in global markets for the past two years, calling the decision taken in the context of climate change an “existential threat”. explained. The relevant action has been criticized by the Republican Party. US House Speaker Mike Johnson reported that Biden’s decision would “strengthen Russia” and force Europe to rely on its exports.

In this report, Politico draws attention to the fact that before this decision was made, in 2022 the European Union made a “big bet” on American gas, signing many contracts and investing billions of dollars in the necessary infrastructure for LNG. put it.

“Europeans are increasingly worried about supply cuts and significant price increases… These decisions are now being called into question – has Europe traded its shameful dependence on Russia for a short-sighted dependence on America?”

According to this publication, if former US President Donald Trump wins the 2024 presidential election and returns to the White House, it is likely that Europe’s dependence on the US will increase.

Club of Young Journalists International Europe and America

 

© Webangah News Hub has translated this news from the source of Young Journalists Club
free zones of Iran, heaven for investment | 741 investment packages in Iran's free zones | With a capacity of over 158 billion dollars Safe investment in the Islamic Republic of Iran

Leave a Reply

Your email address will not be published. Required fields are marked *

2 × one =

Back to top button