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.
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.