Three years ago, Europe suffered one of its biggest energy crises in modern history following Russia’s invasion of Ukraine. Throughout 2022, the weaponization of natural gas supplies by Russia greatly aggravated the continent’s energy security, leading to a massive spike in gas prices. Consequently, the European Commission implemented its REPowerEU Plan to phase out Russian fossil fuel imports, diversify energy supplies and produce more clean energy. Europe stepped up LNG imports from the United States, which had been running…
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