American power is entrenched in Europe. Yet the depth of this relationship has become a source of unease in Europe and Europeans are working to reduce their exposure to the vicissitudes of U.S. politics wherever they can.
Russia was at half of the EUs gas supply and it was also mostly pipeline gas. For LNG it is possible to buy from other suppliers. Unless the US cuts all LNG exports, that is probably going to be a matter of paying enough.
Then the goal of the EU is to cut gas consumption. This is happening as gas boilers are replaced by heat pumps and gas power plants by wind, solar and batteries. It will take years to be really felt, but we see some of it. The key part here is that it is much cheaper to use a pipeline than LNG to transport gas. That obviously hits all LNG, but the US is the largest supplier.
Then the goal of the EU is to cut gas consumption. This is happening as gas boilers are replaced by heat pumps and gas power plants by wind, solar and batteries.
I think this is really the best way out.
Then you get mfkers be like - ‘but Midea is Chinese!’ - completely ignoring the massive difference in real dependence (lesser) created by importing heat pumps, solar, wind and batteries compared to importing and burning gas.
Russia was at half of the EUs gas supply and it was also mostly pipeline gas. For LNG it is possible to buy from other suppliers. Unless the US cuts all LNG exports, that is probably going to be a matter of paying enough.
Then the goal of the EU is to cut gas consumption. This is happening as gas boilers are replaced by heat pumps and gas power plants by wind, solar and batteries. It will take years to be really felt, but we see some of it. The key part here is that it is much cheaper to use a pipeline than LNG to transport gas. That obviously hits all LNG, but the US is the largest supplier.
I think this is really the best way out.
Then you get mfkers be like - ‘but Midea is Chinese!’ - completely ignoring the massive difference in real dependence (lesser) created by importing heat pumps, solar, wind and batteries compared to importing and burning gas.