As Russia and the West enact sanctions and countersanctions over Moscow’s annexation of Crimea, the European Union more than ever is seeking ways to reduce the 28-coutry bloc’s dependence on Russian gas supplies. Europe buys around 30% of its gas from Russian gas monopoly Gazprom. In that context, liquefied natural gas (LNG) from the US could be a feasible solution.
Dechert attorneys Shane DeBeer and Wim Vandenberghe comment.
