LNG Transportation
Bousso: Europe's weak energy spot is re-emerging in Greenland dispute
The U.S.-Europe trade war over President Donald Trump’s bid to purchase Greenland has left the EU vulnerable because it is heavily dependent on one supplier for all its energy needs. In less than four years, Europe's economic situation was severely impacted by the full-scale Russian invasion of Ukraine. Nations were forced to find alternative sources to the Russian natural gas that they had been relying on for decades. This scramble caused a major supply shock, and the European gas price quadrupled in the first half of the conflict. Europe solved this problem by swapping one dependence for another. After the...