The latest import figures from the European Commission, for 2024, show that Norway was the EU’s biggest supplier of natural gas via pipeline, and the United States was its biggest supplier of liquefied natural gas. In the meantime, Europe is in for more suffering, even if Iran doesn’t close the Strait of Hormuz, which for the time being seems to have been taken off the table amid ceasefire efforts. Even if it cancels the 90% refill rate requirement, it still needs to buy a lot of gas, most of it on the spot market because of that aversion to long-term gas commitments it believes is part and parcel of the transition effort.
Author: Irina Slav
Published at: 2025-06-25 22:00:00
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