Sure, but LNG is more expensive then pipeline gas and Europe has some reserves in Norway and gas pipelines to Northern Africa, Central Asia and somewhat the Middle East. That means as soon as Russian gas supply becomes zero, the US LNG supply to Europe is going to decrease.
There is also a lot of gas storage in the EU, which is meant mainly to work for the seasonal demand changes coming from heating with gas. Since wind is stronger in the North Sea region in winter, that means besides some non windy days, peaker plants will be used less and less. Grid sized battery storage and better grids are really being deployed relativly quickly, so that should fall as well. The big question is how quickly gas consumption is going to decline as most European countries focus more on shutting down coal power plants.
Sure, but LNG is more expensive then pipeline gas and Europe has some reserves in Norway and gas pipelines to Northern Africa, Central Asia and somewhat the Middle East. That means as soon as Russian gas supply becomes zero, the US LNG supply to Europe is going to decrease.
There is also a lot of gas storage in the EU, which is meant mainly to work for the seasonal demand changes coming from heating with gas. Since wind is stronger in the North Sea region in winter, that means besides some non windy days, peaker plants will be used less and less. Grid sized battery storage and better grids are really being deployed relativly quickly, so that should fall as well. The big question is how quickly gas consumption is going to decline as most European countries focus more on shutting down coal power plants.