Europe's energy security is at risk due to increased reliance on US natural gas exports, following a decrease in dependency on Russian natural gas. The White House's decision to halt new export permits for liquefied natural gas (LNG) has raised concerns about the reliability of US gas supply to Europe. The EU's pivot to American LNG instead of renewables leaves its energy security vulnerable to factors beyond its control, such as political decisions and natural disasters. The European Commission is not concerned about the growing dependency on US LNG, citing lower political risks compared to Russia, but industry experts warn of concentration risk and its impact on European companies, particularly the chemicals industry in Germany.

Europe's Energy Security at Risk

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