Beggaring Europe: switching cheap Russian gas for expensive American LNG | UPROOTED PALESTINIANS

Countries like the Czech Republic, Slovakia, Latvia, Estonia, Finland, and Hungary are fully dependent on Russian natural gas, while the countries that import the largest quantities like Germany, France, Italy Poland, and Greece are semi-dependent, and countries like Portugal are quasi-independen

With intense pressure from Washington, this issue of over-reliance on Russian resources became further securitized following the conflict in Ukraine. Even after the west announced sanctions on Russian imports, the EU imported 39 billion euros worth of fossil fuel from Russia, until as recently as mid-May.

The bottom line is that it will be impossible for the EU to increase their LNG imports by the crucial 50 bcm milestone. Even if the EU overcomes the technical issues represented by the regasification capacities and the interconnections between the EU countries and Britain, the supply in the global LNG market simply cannot meet the demand.

Beggaring Europe: switching cheap Russian gas for expensive American LNG | UPROOTED PALESTINIANS: SALAM ALQUDS ALAYKUM

Cutting off Russian gas and oil plus sanctioning everything Russian, including all foods, sounds like another billionaire ‘perfect plan’, which in practice never works out, or increases problems, rather than solving them.