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Read with Bruegel: The New Map: Energy, Climate, and the Clash of Nations

The Sound of Economics

CHAPTER

Russia's LNG Exports to Europe

Russia remains the third largest LNG suppliers to Europe after the United States and Qatar, of course. The Europeans said, we don't want your oil, but instead we're not going to give you any gas. I think that this is where the sanctions have actually hurt Russia more than it's heard its oil industry. It puts a ceiling that you just don't have the technology to expand their LNG business.

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