The bloc spent $190 billion on LNG last year, the outlet has said The EU has not secured enough long-term contracts for liquefied natural gas (LNG) to replace discontinued pipeline supplies from Russia, and is facing the prospect of higher costs next winter due to rising demand in China, Reuters reported on Friday. The bloc managed to reduce its dependence on Russian energy last year by ramping up LNG imports to 121 million tons, which represented a 60% increase compared to 2021, according to the outlet. Much of this was bought by the EU on the spot market, where LNG prices are significantly higher than the costs
Hence then, the article about eu exposed to high energy costs next winter reuters was published today ( ) and is available onRussia Today ( News ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( EU exposed to high energy costs next winter – Reuters )