European Union seeks answers to energy supply crunch, U.S. LNG deal Posted on March 24, 2022 by cngpump The invasion of Ukraine by Russia, Europe’s top gas supplier, pushed already-high energy prices to records and has prompted the European Union to attempt to slash reliance on Russian fossil fuels. Related posts: Halliburton, Schlumberger draw back from Russia amid U.S. energy sanctions European nations remain biggest importers of Russian energy Global LNG demand growth shifts from Asia to Europe on Russia sanctions Biden administration approves more LNG exports to Europe LNG projects in the Gulf of Mexico boosted as Russian gas alternative Mukesh Ambani is stepping in to supply diesel-starved Europe Russia seeks Indian investment in its sanction-hit oil and gas sector Crude oil price extends losses; Russia to fulfil supply contracts After IOC, HPCL buys 2 million barrel Russian crude, MRPL seeks 1 million barrel Russia warns West of $300 per barrel oil, cuts to EU gas supply