The European Union is one of the biggest importers of fossil fuels in the world and the second largest importer of natural gas. Norway and Russia are currently the most important exporters of natural gas to the EU. Beyond the political and economic pitfalls of such dependence, climate science is clear that we must keep the vast majority of fossil fuels in the ground. The European Commission, however, is holding up liquefied natural gas (LNG) as the answer to the question of how Europe will meet its energy needs. This is short-sighted and wrong.
LNG is super-cooled natural gas, condensed to 1/600th of its volume so that larger amounts can be transported and stored. The “EU strategy for liquefied natural gas and gas storage” was presented by the European Parliament’s Committee on Industry, Research and Energy, and it is quite disturbing.
I decided to examine more closely their mantra of “security of supply”, “flexibility”, “diversification of supply”, “competition” and “sustainability”, and sure enough, if you look at the truth behind the much-praised LNG imports, the strategy unravels. Unfortunately, the majority of Members of the EU Parliament seem to have a largely uncritical stance towards LNG, happily repeating the Commission’s claims.