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Brief
On May 22, 2025, the European Union Agency for the Cooperation of Energy Regulators (ACER) issued an update regarding EU's reliance on spot LNG likely to continue without stronger decarbonisation. The report highlights the increasing importance of liquefied natural gas (LNG) in Europe as a flexible supply source, with its share of total gas supply rising from 23% in 2020 to around 40% in 2024 due to decreasing Russian fossil fuel imports.
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