Ship&Offshore | Issue 01/2023
US LNG averts worst of Europe’s energy crisis
Ukraine war Vladimir Putin’s dirty war in Ukraine has smashed Europe’s energy model to pieces. Millions of people have been affected across the continent by a cost of living crisis, rising interest rates, and major disruption to many industrial sectors. For most European governments, the main challenge has been replacing Russian oil and gas with supplies from elsewhere. Germany was one of the most vulnerable, having imported about half of its LNG from Russia in recent years. But the country’s fast-footed response may provide a blueprint for others, writes freelance journalist Paul Bartlett...