Germany Weathers Energy Crisis With Growing Dependence on American LNG

The share of LNG imports of Germany’s total gas supply rose to 12% in the first half of the year, up from 10% a year earlier, despite the shock supply loss from the Middle East due to the closed Strait of Hormuz, according to data by the German regulator. Bundesnetzagentur, the Federal Network Agency, noted that LNG supply from the LNG import ports on the North Sea and Baltic Sea increased even during the Iran war as Europe’s biggest economy relied on more supply from the United States. LNG supply from Qatar and the UAE was choked off…