Europe’s reliance on U.S. liquefied natural gas is projected to grow sharply, raising energy security concerns amid geopolitical risks.
The European Union’s share of liquefied natural gas imports from the U.S. is expected to climb to 80% within two years, up from 58% currently. The shift reflects Europe’s ongoing efforts to replace Russian gas supplies following the Ukraine war and sanctions on Moscow.
Prior to the conflict, Russia supplied nearly 40% of Europe’s gas needs. Since 2022, the EU has accelerated LNG imports from alternative sources, with the U.S. emerging as the dominant supplier. The trend underscores vulnerabilities tied to over-reliance on a single supplier.
Analysts warn the concentration could expose Europe to price volatility and supply disruptions, particularly if transatlantic trade tensions escalate or U.S. export capacity faces constraints.