EU's Energy Dependence on US
CHART OF THE DAY: As the debate starts about whether — and if so, how — Europe should respond to US taffifs on Greenland, let's take a look at the energy situation. The EU swapped Russian for American depdency: today, US accounts for ~16% of oil and ~45% of its LNG of imports. The data above is for 2024 (and does not cover UK). The data for 2025 is only available to 3Q, but shows a similar trend. - Javier Blas
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