Please, don’t promote the Russian narrative! Gas from Russia to Germany in the 10 years before the full scale invasion into Ukraine has been much more expensive compared to e.g. gas for local production in the US. There was no competitive advantage ‘fuelling growth‘ from Russian gas.
Grok: Price Gap: From 2005 to 2008, EU and US prices were closely aligned (~$7–9/MMBtu). Post-2008, the US shale boom drove prices down, creating a persistent gap where EU prices were 2–3 times higher by 2011–2015.
Yeah, that was roughly the HH NG price. But you need to add liquefaction, transportation and regasification.
My thought was about industrial production in EU vs US - not comparing LNG price in EU vs natural gas in EU. EU industry had no competitive edge against e.g. producers from the US, but rather a disadvantage.
Having rich deposits of natural ressources never guaranteed high industrial output. On average, with some exceptions, exporting countries tend to create lower value than importing countries.