News
A Parade of Tankers Has Eased Europe’s Energy Crisis
Chilled gas from the United States has helped replace fuel from Russia, upending European energy markets. The lights in Europe are being kept on by giant ships sailing from ports in Louisiana and Texas.
Related Knowledge Center: Energy security and pricing
State of Play
The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.