Europe threatened by dependence on U.S. gas Bloomberg

European authorities have turned to the United States in their quest to find a substitute for gas from Russia, which has allowed them to completely abandon it by now. Now the region is becoming increasingly dependent on American LNG, and this also threatens it with problems, especially in the context of Biden's recent ban on issuing new permits for its exports, states Bloomberg.

Europe has found U.S. gas supplies politically favorable and a safer option than the alternative from Siberia; moreover, it has relied on their large volumes. But, in fact, the region's authorities have replaced one threat with another, the publication notes. As warned by the Center for Global Energy Policy at the University of Columbia University, the US policy on gas exports may seriously change, while the dependence of European countries on it will increase without alternative sources from Russia and, if possible, Qatar.