Recent developments in the US show “Europe just traded one risk for another” through its increased reliance on the US for its LNG supply. How the US became the largest LNG supplierThe US pioneered the process of chilling natural gas to -256F at a commercial scale. This process makes the liquid natural gas occupy 600 times less space than its original form. Due to a increasing energy deficit, US LNG imports began to surge in the 1990s, so much so that Deutsche bank predicted in 2004 that the country would surpass Japan to become the largest importer of LNG by 2015. The reality, however, couldn’…