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The information in this Wikipedia page is out of date. There are quite a few new LNG terminals in the EU now which diversified the gas supply. High consumption
by rmind 5y ago
The information in this Wikipedia page is out of date. There are quite a few new LNG terminals in the EU now which diversified the gas supply. High consumption from Russia doesn't not necessarily mean dependency, e.g. Lithuania has an LNG terminal with a capacity to supply itself and the other Baltics states, but the country buys mostly the Russian gas simply because they offer lower market price. However, Lithuania has been shipping gas from Norway, Qatar and USA. It's all free market now.
Poland and Finland also have LNG terminals with more of them being planned in other European countries. Germany, on the other hand, is still very much on the Russian gas needle.
- trasz 5y agoExcept that LNG is ~twice as expensive. In fact, Poland is even more dependent on Russia, because that’s where it buys its coal.
- rich_sasha 5y agoEverything you write is true. I suspect if the tap were to be closed overnight, or even with two weeks' notice, there would be huge disruption. The fact that one country can shift a marginal gas use from one seller to another doesn't mean, for example, that you could find enough gas in the free market to suddenly prop up 40% of European winter needs. I think there's a lot that could be done here, but it would require coordination and a united front. Oddly, I feel both these things are in place.