Europe’s pipeline gas from Russia now only stands at 9% of imports, down from 40% at the start of the war.
European Commission President Ursula von der Leyen disclosed the sharp drop in an energy update statement today.
She said, ”Through diversification we have increased deliveries of LNG or pipeline gas from the US, Norway, Algeria, Azerbaijan, and others. For example Norway is now delivering more gas to the EU than Russia. And we are making massive investments in home-grown renewables through RePowerEU.”
But the manipulation of the gas markets has a spillover effect on the electricity market, she said.
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