The bloc has been grappling with surging costs since moving from cheap Russian gas to growing reliance on American LNG
The EU has entered “emergency mode” over soaring energy costs after cutting back on Russian pipeline gas supplies and becoming increasingly dependent on the US, French President Emmanuel Macron has warned.
The bloc has seen a surge in energy prices since scaling back Russian oil and gas imports after the escalation of the Ukraine conflict in 2022. Moving away from relatively cheap Russian pipeline gas has forced it to rely more heavily on energy supplies from the US.
Speaking at the European Industry Summit in Belgium on…
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