Europe Still Can’t Quit Russian LNG ...Middle East

As Europe edges nearer to its 5th December cut-off date for Russian oil imports, it is still finding it hard to wean itself off all Russian energy. Reliance on Russia’s gas is proving more of an issue than initially anticipated, as Europe is reluctant to introduce sanctions on the natural gas product for fear of shortages and rising prices.  While European imports of Russian coal and oil have dropped significantly since Russia invaded Ukraine earlier this year, the region continues to rely heavily on Russian LNG. Exports of the liquid…

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