Marco Florian  🇮🇹 🇺🇸 🇪🇺 🇨🇾 🇬🇷 🇮🇱 🇪🇬

EA data show EU LNG import skyrocketed in 2019, hitting 100 Bcm, in 2017 UE LNG import was only 45 Bcm. This is tremendously important to decrease Russia's gas diplomacy influence. Let's see why in 7 easy points. @USAmbPyatt @USEmbassyAthens @USConsulateThes

1. prices of imported LNG are now competitive in the gas market: with TTF @ $4.5/mmbtu (15 years low) 2. this trend will be strengthened by new US export capacity 3. 100 Bcm are equivalent to the 25% of EU 2040 gas consumption

4. LNG contributed to increase EU's natgas stocks (+18% YoY), with 90% storage capacity. 5. LNG regassification plants in EU have still extra capacity, in excess of 180 Bcm, with more under construction 6. So LNG could contribute to satisfy almost the 50% of EU consumption

6. this means that increasing US export capacity, competitive prices and the exploitation of Eastmed natgas (need for stability though) reserves and infrastructures, will contribute to a significant EU/NATO energy independence/safety enhancement.