Quote:
Originally Posted by Pierre
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There are lies, damned lies, and statistics.
This chart shows the change in natural gas imports to the EU. It’s obvious even at a cursory glance that Russian gas supply has shrunk dramatically while the US, which was always a small supplier, is one of several that has increased a little to plug the gap, although the EU’s gas consumption overall has also fallen by quite a bit.
Q2 2024 has the lowest total consumption of any quarter since Q1 2021. Russian and American supply both shrank from Q1 to Q2, but American supply shrank by slightly more.
Notwithstanding Hungary, which is the real Russian Trojan horse within the EU, and given the level of dependency European countries previously had on Russian gas, the picture does not look bad at all.
Clickable chart:
https://www.bruegel.org/dataset/euro...al-gas-imports