Donald Trump is in luck. In the fight of European Union to escape from his historic supply dependence on Russia and Putinlittle by little it goes turning to the USto the joy of his president.
The change is being noticed especially Germany, a country extremely linked to Russian gas and oil and that has suffered energy difficulties and the breakdown of relations with Moscow.
With the aim of moving away from Russian raw materials, the EU has gone “from one massive dependence to another”as Henning Gloystein, an expert from the consulting firm Eurasia Group, points out in statements to The News York Times.
For Gloystein, Trump can exploit the liquefied natural gas (LNG) market almost at willsomething that threatens to become a problem, if it is not already, for all of Europe and especially for a country as dependent on energy supplies as Germany.
The Reuters agency He put figures to this agency in April of last year. According to the study cited, the statistics are frightening:
- Near the 96% of all LNG imports to Germany came from the US.
- If the entire EU is included in the same period, the percentage of gas made in USA exceeded 60%.
And the future doesn’t look very different.
It was and still is an emergency situation. On the brink of four years of war in Ukraine, … with effects until 2027. Everything is going so slowly that the situation threatens to become chronic. The Institute of Energy Economics and Financial Analysis estimates that by 2030 around 40% of all European gas imports could come from the United States.
Although Germany and other EU member states are trying to diversify their supplies, the reality is that The US continues to set the benchmark.
This implies not only ‘dependence’ on what Donald Trump decides, but also some higher costs due to the distance and the need for more infrastructure in relation to the historic Russian gas, connected by local gas pipelines.
