European buyers' reluctance to sign long-term liquefied natural gas (LNG) contracts risks repeating energy challenges from Europe's previous overreliance on Russian natural gas as well as further burdening consumers who are already paying billions more for energy than necessary, according to a new report from Rice University's Baker Institute for Public Policy . The report, "Why Is Europe Not Replacing Russian Pipeline Gas with Long-term LNG Contracts?" calls attention to an LNG supply "Grand Canyon" due to Europe eschewing long-term gas contracts.

https://www.miragenews.com/european-energy-faces-risk-of-overdependence-1089501/

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