Russian LNG undermines the EU's energy security

While the REPowerEU plan laid out numerous goals across multiple end markets for eliminating the use of Russian pipeline gas, the EU has no such plan for Russian liquefied natural gas, which we think will come as a surprise to investors, says Morningstar. Russian LNG imports have surged recently and now make up 50% of overall Russian gas imports to the EU. Continuing to increase the use of Russian LNG threatens to undermine the gains and goals achieved via the REPowerEU plan in reducing the use of Russian pipeline gas imports. If Russian LNG imports are not addressed, the EU will still rely...