In January, US LNG imports accounted for almost half of Spain’s gas supply.

Data released on Tuesday showed that liquefied natural gases from the United States accounted for 44.4% of Spain's total imports of gas in January. This is a significant increase from last year.

As Europe tries to reduce its energy imports from Russia following the invasion of Ukraine, the U.S. is now the dominant LNG supplier. Tariffs and the President Donald Trump's move to take over Greenland have raised concern among some officials regarding the?growing dependence on U.S. Energy.

According to Enagas, the Spanish gas grid operator, Spain imported the equivalent of 15,259 gigawatt hours (GWh) from the United States in January. This is a dramatic increase from 10,454 GWH a year ago.

This was well above the 10,092 GWh that Spain has traditionally imported from Algeria. Algeria is Spain's biggest gas supplier and mainly pumps gas to Spain via pipelines.

Algeria was only a small difference from the U.S. in January of last year.

In January, the amount of natural gas imported from Russia was?less that 13%. This is a drop of more than five percentages compared to a year earlier.

(source: Reuters)