Europe Scrambles for Energy Before Cutting Itself Off From Russia
Imports of crude, diesel and natural gas have leaped, as Europe stocks up for a Russian-energy free future
Europe is racing to stock up on oil and natural gas before it imposes tighter sanctions on Russian energy, showing the dash to reorganize global energy supplies in the wake of the war in Ukraine.
Terminals to import liquefied natural gas took in a record amount of the superchilled fuel for the time of year in April, according to commodity-tracking firm Vortexa. Oil imports from non-Russian suppliers, meanwhile, hit their highest level since the start of the pandemic.
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