EU Wants To Slow Russia Gas Spigot
As Russia and the West enact sanctions and countersanctions over Moscow’s annexation of Crimea, the European Union more than ever is seeking ways to reduce the 28-coutry bloc’s dependence on Russian gas supplies. Europe buys around 30% of its gas from Russian gas monopoly Gazprom. In that context, liquefied natural gas (LNG) from the US could be a feasible solution.
Dechert attorneys Shane DeBeer and Wim Vandenberghe comment.