VALLETTA, Jan. 10 (Xinhua) -- Since the halt of Russian gas transit through Ukraine on Jan. 1, Europe has been grappling with tight gas supplies and soaring prices.
This situation threatens the energy security of several European countries, and significantly undermines the competitiveness of the European Union (EU) due to rising energy costs. Meanwhile, the United States stands to benefit from the increased export of liquefied natural gas (LNG) to Europe.
