With the conclusion of the winter season, it appears that the European Union (EU) has successfully avoided the anticipated gas shortages and blackouts. This outcome can be attributed to a mild winter, a decrease of 13% in gas consumption, and a substantial influx of LNG imports. While the EU can breathe a sigh of relief, there is no room for complacency. The unprecedented LNG imports and significant decline in Russian gas imports have altered the EU’s gas import profile, and the potential security risks associated with these “new” gas suppliers have received little attention. This begs the question of whether this new natural gas import portfolio is truly advantageous and what alternatives the EU has.
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