Part 9/10:
In an effort to stave off a complete energy crisis, Europe has increased imports of liquefied natural gas (LNG), particularly from the US. Even Russia has exported record levels of LNG to Europe in 2024. However, LNG supply is volatile and tied closely to global energy markets, creating uncertainty for Europe's energy future.
To navigate these challenges, Europe may need to ramp up investments in energy transitions and expand nuclear capabilities, both of which come with high costs and political friction. Alternatively, signing new agreements with energy-rich countries like Azerbaijan might provide more dependable gas supplies.