The BRICS alliance has surpassed the US in gas trade to Europe for the first time in almost two years. BRICS member Russia is the top supplier of LNG gas to Europe and outperformed the US despite facing sanctions. The spike comes despite Europe trying to limit its dependency on Russian oil but several countries in the eastern European region rely heavily on imports from the country. This makes Russia the top supplier of LNG gas supplier to Europe elbowing the US in global trade deals.
BRICS Surpasses the US in Gas Trade to Europe
BRICS Surpasses the US in Gas Trade to Europe
BRICS Surpasses the US in Gas Trade to Europe
The BRICS alliance has surpassed the US in gas trade to Europe for the first time in almost two years. BRICS member Russia is the top supplier of LNG gas to Europe and outperformed the US despite facing sanctions. The spike comes despite Europe trying to limit its dependency on Russian oil but several countries in the eastern European region rely heavily on imports from the country. This makes Russia the top supplier of LNG gas supplier to Europe elbowing the US in global trade deals.