CALGARY The decision to reduce its dependency on Russian natural gas presents Europe with a near-term dilemma that holds long-term implications: Invest in new gas supplies, such as LNG import terminals, pipelines and bulking up gas storage, while also spending more to accelerate its transition away from fossil fuels to renewable energy. At the same time, liquefied natural
European countries without adequate liquefied natural gas (LNG) infrastructure are scrambling to secure floating storage and regasification units (FSRU)
President Joe Biden met with European Union leaders last week and pledged the U.S. would send more liquefied natural gas across the Atlantic to help utilities, industry and consumers who are enduring high prices and fears of shortages as the continent weans itself off Russian natural gas. In addition to getting more U.S. LNG, European leaders were told they could expect other