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by Scoundreller 1739 days ago
LNG gets expensive because it’s a globalize market. Cheaper to use pipelined Russian gas and try not to think too hard about the repercussions.
2 comments

The price of NG in Europe is now well above the price of LNG.
Considering what the US and Australia did to France a few days ago, the EU might not want to depend on LNG from the US. With Russia they know with whom they are dealing.

France and Germany are the EU's most influential countries and the US is continuing to meddle in EU matters even after Trump left. From the EU point of view there is next to no change since Biden took office and now even France is questioning NATO.

LNG is a global market now, so one is not locked into LNG from just one supplier. It used to be that LNG required long term contracts, but there's enough sloshing around now that the market is more like oil.