Europe’s energy security is being used as an excuse in the U.S. to build more LNG terminals than are actually needed, argues Ana Maria Jaller-Makarewicz at IEEFA. European gas demand is expected to keep falling. Even with U.S. projects that are currently under construction, its LNG export capacity in 2030 will be 76% higher than Europe’s forecast demand. The U.S. should seriously re-evaluate its strategy or risk overinvestment, says … [Read more...]
Gas: a history of Energy Security in the EU. And what’s next post-Russia?
The security of supply of gas has been the hottest topic of the last 12 months since Russia invaded Ukraine. James Kneebone at the Florence School of Regulation (FSR) has written an explainer that lays out the EU’s history of dealing with energy security, going back to the 1990s. Because the EU has a single market for natural gas and widely shared value chains (pipelines, LNG terminals, storage, etc.), impacts are felt across the bloc. But that … [Read more...]