Europe raced to shore up its energy supplies in the wake of Russia’s invasion of Ukraine, and it appears to have averted a worst-case scenario this winter — largely thanks to liquified natural gas.
For years, Europe was heavily dependent on Russian pipeline gas. But when Russia attacked Ukraine, and Europe could no longer count on those gas flows, it pivoted hard to LNG, a flexible energy source that comes largely from the United States, Qatar, Australia and Algeria.
Original Article: The Greek island helping Europe dodge an energy crisis (cnbc.com)
