First Post reports:

While Russia continues to navigate through the host of sanctions imposed by Ukraine and Western allies, Europe’s gas imports from Russia overtook supplies from the US. This was the first time Russia overtook the US to be the biggest gas supplier in Europe in almost two years.

The reversal which took place in May indicates the difficulty of reducing Europe’s dependence on gas from Russia, with several eastern European countries still relying on imports from their neighbour.

“It’s striking to see the market share of Russian gas and [liquefied natural gas] inch higher in Europe after all we have been through, and all the efforts made to decouple and de-risk energy supply,” Tom Marzec-Manser, head of gas analytics at consultancy ICIS, told Financial Times. [Continue reading…]