The European Commission unveiled a more detailed plan May 18 to diversify its energy supplies away from Russia and to accelerate the expansion of clean energy with key focus on replacing Russian gas through new gas supply, energy savings and more renewable power. Receive daily email alerts, subscriber notes & personalize your experience. Register Now S&P Global Commodity Insights reporters look at some of the main points in the plan against the background of record high prices. Trade flows ** LNG is to play the biggest role replacing Russian gas with the EC estimating some 50 Bcm/year additional supply. The US has committed to 15 Bcm/year alone. ** Russia was the biggest supplier of natural gas into Europe with the 155 Bcm imported in 2021 accounting for around 40% of demand. Industry and heating are the biggest demand centers with German industrial demand of around 45 Bcm in 2021, […]