Gas crisis: the critical importance of coordination

Europe continues to work hard to prepare for a possible end to Russian gas supplies and is certainly seeing success – for example, in imports of liquefied natural gas (LNG). In the first quarter, the EU imported 13 billion cubic meters (bcm) more LNG than in the same period last year, as Bruegel analyst Ben McWilliams wrote on Twitter on Tuesday. “This is on the EU Commission’s target path of 50 bcm of additional LNG within this year.” Higher utilization was seen primarily at terminals in the Netherlands, France, and Belgium, according to Bruegel.

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