increased

Published on
13/05/2026 – 15:46 GMT+2

Europe’s reliance on American liquefied natural gas is set to increase further next year as the EU continues efforts to phase out Russian fossil fuel imports, according to new analysis published by the IEEFA on Wednesday.

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The report estimates that the US could supply close to two-thirds of Europe’s LNG imports in 2026, reinforcing Washington’s dominant position in the continent’s gas market after Russia’s invasion of Ukraine and the Iran war reshaped global energy flows.

According to IEEFA, the US already accounted for 57% of Europe’s LNG imports in 2025, a sharp increase compared with pre-war levels.

The organisation warned that the share could continue rising over the coming years if current import trends persist and additional long-term supply contracts enter into force.

The findings come as most European governments seek to fully eliminate Russian gas imports by 2027 under the European Commission’s REPowerEU strategy.

Since 2022, EU member states have rapidly expanded LNG purchases, particularly from the US, to compensate for declining Russian pipeline deliveries.

The IEEFA stated that the shift had improved Europe’s short-term energy security but also created a growing concentration risk.

The think tank argued that replacing dependence on Russian gas with heavy reliance on another single alternative supplier could expose Europe to future political and market instability.

Lower demand but higher imports and investment

The report noted that LNG imports from the US generally come at a higher cost than pipeline gas because of liquefaction, shipping and regasification expenses.

The IEEFA estimates that EU countries spent roughly €117 billion on US LNG imports between early 2022 and mid-2025.

Several European policymakers and regulators have previously warned against excessive dependence on imported LNG.

Earlier this year, European Commission Executive Vice President Teresa Ribera said the bloc should avoid replacing one energy dependency with another and accelerate investment in renewable power and electrification instead.

The European Union Agency for the Cooperation of Energy Regulators has also raised concerns about supply concentration risks linked to the growing role of US LNG in the European market.

The increase in LNG imports also comes despite a broader decline in European gas consumption in recent years.

High prices following the energy crisis, industrial weakness, energy-saving measures and faster deployment of renewable energy have all contributed to lower demand.

The IEEFA data shows Europe’s LNG imports declined in 2024 as gas consumption fell to its lowest level in more than a decade. However, imports rebounded in 2025 amid colder weather conditions and efforts by governments to replenish storage sites.

At the same time, several EU countries continue expanding LNG import infrastructure.

Germany, which previously relied heavily on Russian pipeline gas, has rapidly developed floating LNG terminals and emerged as one of the largest buyers of US LNG in Europe.

Analysts have also questioned whether Europe risks building excess LNG import capacity as long-term gas demand is expected to weaken further during the energy transition in the coming years.

British travellers planning trips abroad must check their passports at least three weeks before departure

Brits heading abroad should carefully check their passports at least three weeks before they travel. Missing certain critical problems could land you with a £239 bill.

Travellers must make sure their passports are valid and in good condition before they set foot on a plane. Any problems could see you turned away at the gate.

To sort this out, your passport will need to be replaced straight away, and putting this off could prove costly as standard passport renewals can take up to three weeks.

Following a price rise earlier this month, a standard passport will set you back £102. However, if you’ve left a passport problem until just days before your trip, you’ll be forced to shell out £239.50 for the one-day express service.

GOV.UK warns: “If your passport is damaged you must replace it. You may not be able to travel with it.”

The HM Passport Office will consider a passport damaged if:

You cannot read any of your details

• Any of the pages are torn, cut or missing
• There are holes, cuts or tears in the cover
• The cover is detaching
• There are stains on the pages (for example, ink or water damage)

Regarding your passport’s expiry date, the requirements will differ depending on where you’re headed. Some countries insist on at least six months remaining on your passport upon arrival, while others only require three.

For a full breakdown of passport requirements by country, visit the Government website here.

Applying for a passport online

To apply online, head to the Government website here. Key requirements include a digital photograph, a valid payment method (credit or debit card), and your existing passport if you’re renewing.

Furthermore, applicants must supply proof of their identity and citizenship. The application fee for adults stands at £102, while children’s passports are priced at £66.50.

For anyone requiring assistance with the online application, local Post Office branches provide support services. Their staff are able to:

• Take your digital photo
• Help with completing the online application

Be mindful that this service carries an extra charge.

Postal applications

Paper passport applications are available from your local Post Office. Keep in mind that postal applications generally take longer to process than online ones.

They’re also more expensive than online applications, setting you back £115.50. You’ll be required to submit a completed application form alongside your supporting documents, two photographs, and the relevant fee.

Post Office staff can assist in making sure your form is properly completed – though you’ll need to supply your own photos. Payment can be made using cash, debit or credit cards.

Fast-track applications

If the standard three-week processing period is cutting it too close with your holiday plans, several quicker options are available for securing a passport. According to the Government website: “You can pay to get a passport urgently if you think the standard service will take too long.”

To take advantage of these fast-track services, you’ll need to secure an appointment at a passport office:

• The same-day premium service carries a charge of £239.50 (or £253.50 for the 54-page frequent traveller passport)
• The one-week express service costs £192 for an adult passport (or £206 for the 54-page frequent traveller passport), and £156.50 for a child’s passport (or £170.50 for the 54-page version)

For further information, visit the Government website here.

Caracas, April 13, 2026 (venezuelanalysis.com) – Venezuelan Acting President Delcy Rodríguez inked new agreements with Chevron on Monday allowing the US energy giant to expand its presence in the country’s oil industry.

In a televised broadcast, Rodríguez, who was accompanied by officials from Venezuelan state oil company PDVSA and the Hydrocarbon Ministry, praised Chevron’s “commitment” to Venezuela.

“Chevron, with more than a century of presence in Venezuela, is an example of an oil company committed to Venezuela,” she said. “I salute this agreement as an example that there are legal pathways for investment to be assured and prosper.“

The Venezuelan acting president reiterated calls for the lifting of US sanctions against the Caribbean nation. US Chargé d’Affaires to Venezuela Laura Dogu was present at the ceremony and exchanged brief words with Rodríguez. US Assistant Energy Secretary Kyle Haustveit was also in attendance with a delegation from the US Energy Department.

The new contracts grant Petropiar, a joint venture with Chevron participation, the Ayacucho 8 bloc as the Houston-based conglomerate looks to expand its production of extra-heavy crude in the Orinoco Oil Belt. PDVSA completed exploration and appraisal of the 500 square-kilometer bloc but development has been limited.

Chevron owns minority stakes in four joint projects with PDVSA that currently produce about a quarter of Venezuela’s oil output. The agreements with the Venezuelan government will also see Chevron increase its stake in Petroindependencia, another mixed venture with PDVSA, from 36 to 49 percent. In exchange, it will relinquish its stakes in the offshore Loran natural gas field.

For his part, Chevron executive Javier La Rosa, thanked the Venezuelan and US governments for their support and praised the “strengthening” of Chevron’s position in the Orinoco Oil Belt. “Chevron is determined to be a reliable partner and establish win-win relations,” he said.

The exploration of the 7.3 trillion cubic feet (tcf) Loran field, which is part of the Loran-Manatee joint deposit with Trinidad and Tobago, will reportedly be turned over to Shell. The UK-based multinational is also involved in several natural gas projects in Venezuelan waters and similar agreements with the Rodríguez administration are expected in the coming days.

In addition, Shell also closed a deal to take over the Carito and Pirital oilfields from PDVSA’s Punta de Mata division in eastern Monagas state. The projects produce light and medium crudes, as well as natural gas.

The new contracts were signed under the pro-business provisions established by a January overhaul of Venezuela’s Hydrocarbon Law. In a recent interview, National Assembly President Jorge Rodríguez stated that the reform incorporated “suggestions” from Western corporate giants, including Repsol.

The updated legislation grants private corporations expanded control over operations and sales, slashes royalties and income tax, and allows legal disputes to be settled in international arbitration bodies. The reform likewise allows PDVSA to lease out projects to private companies in exchange for a fixed share of the output.

Since the January 3 US bombings and kidnapping of President Nicolás Maduro, the Trump administration has exerted control over the Venezuelan oil industry, granting waivers to boost the involvement of Western conglomerates and mandating that royalty, tax, and dividend payments owed to Venezuela be made to US Treasury-run accounts. 

Financial sanctions against PDVSA, as well as threats of secondary sanctions against firms that do not receive Washington’s green light, remain in place. On Monday, Secretary of State Marco Rubio vowed that the US “would not allow” geopolitical adversaries such as China, Iran, and Russia to have a significant presence in the Venezuelan oil industry.

“We don’t need Venezuela’s oil,” he said in an interview. “What we’re not going to allow is for the oil industry in Venezuela to be controlled by adversaries of the United States.”

Venezuelan crude production increased in March to 988,000 barrels per day (bpd), up from 909,000 bpd in February, according to OPEC secondary sources. The figure is the highest output since the imposition of a US export embargo in January 2019.

For its part, PDVSA reported 1.095 million bpd of production last month, with a 75,000 bpd increase compared to February. The direct and secondary measurements have differed over time due to disagreements over the inclusion of natural gas liquids and condensates. Venezuelan Oil Minister Paula Henao announced a 1.3 million bpd target for the end of 2026.

According to Reuters, Venezuelan oil exports surpassed 1 million bpd in March, driven by several shipments to India’s leading refiner, Reliance Industries, amid the US-Israeli war against Iran and the latter’s closure of the Strait of Hormuz that has disrupted global energy flows and sent crude prices upwards of $90 per barrel

However, Venezuelan authorities have offered no information about the US-controlled oil exports, including details regarding the transfer of proceeds to Caracas. The White House has confirmed the return of US $500 million to Caracas out of an initial deal estimated at $2 billion, while Venezuelan officials have reported the purchase of US-manufactured medicines and equipment using “unblocked” funds.

Edited by Lucas Koerner in Fusagasugá, Colombia.