In the month of June, the United States produced more liquefied natural gas (LNG) than Russia did via its pipelines.
According to a tweet posted on Thursday by the Executive Director of the International Energy Agency (IEA), Fatih Birol, the European Union (EU) has made more purchases of liquified natural gas (LNG) from the United States than it has of natural gas via pipeline from Russia. Birol added that the proportion has changed as a result of the most recent reduction in Russian supplies.
"Russia's recent steep cuts in natural gas flows to the EU mean that this is the first month in history in which the EU has imported more gas via LNG from the US than via pipeline from Russia," wrote Birol. "This is the first month in history in which the EU has imported more gas via LNG from the US than via pipeline from Russia."
"The decline in Russian supply calls for steps to lower EU demand in preparation for a harsh winter," he continued. "The drop in Russian supply has called for these efforts."
Because of the European Union's efforts to reduce its dependence on energy supplied by Russia, the jump in imports of American LNG comes at a time when the EU is also making it a priority to increase the severity of sanctions connected to Ukraine.
Due to technical challenges that were caused by western sanctions against Russia, the amount of gas that was supplied by Russia via the Nord Stream pipeline was reduced by sixty percent in the month of June. Russia's Gazprom said that German equipment provider Siemens Energy had failed to restore gas-pumping units to a compressor station on time, citing the fact that the repaired turbines were delayed at a maintenance facility in Canada owing to sanctions imposed by the Canadian government against Russia.
In addition, the operator of the pipeline wants to halt gas deliveries to Germany for ten days in the middle of July in order to do yearly maintenance on the pipeline. Both of the route's segments will be shut down beginning on July 11 and continuing through July 21 according to a statement released by Nord Stream AG.
For refusing to adopt the gas-for-rubles payment scheme that was introduced by Moscow in response to sanctions, Russia has also cut off gas supplies to Finland, Poland, Bulgaria, Denmark's Orsted, Dutch company GasTerra, and energy giant Shell for its German contracts. All of these countries and companies were sanctioned by the United States.
The European Union (EU) reached an agreement in March to acquire an extra 15 billion cubic meters of LNG from the United States throughout this year in an effort to reduce the amount of gas it imports from Russia. In 2022, the union intends to replace one-third of its imports of gas from Russia with LNG derived from a variety of sources.
Up until very recently, it was believed that Russia exported around 150 billion cubic meters of natural gas to Europe each year, with an additional 14-18 billion cubic meters being shipped in the form of liquefied natural gas (LNG). Russia was responsible for more than forty percent of all of the natural gas that was imported into the continent.
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