'Escalating tensions with Russia are forcing a confrontation with an uncomfortable reality for European leaders: Putin holds the cards when it comes to Europe’s energy needs,' writes ciaraCnugent
by deliberately squeezing gas exports. A military conflict over Ukraine may choke supply even further, spelling some painful months, or even years, for Europe.
it might now shelve authorization of Nord Stream-2, a pipeline that would have boosted gas imports from Russia.If Russia invades Ukraine and enters a military conflict with NATO powers, natural gas prices could well double from their already high levels, says Massimo Di Odoardo, vice president of global gas research at energy consultancy Wood Mackenzie. “There’s no telling how high [prices] will go and there’s very little Europe could do to prevent the increases.
In the short term, Europe has few options to shift its energy mix away from Russian natural gas. Between low reserves, long timelines for new projects, and the E.U.’s green energy ambitions, it would be all but impossible for Europe to significantly step up its own natural gas production. The bloc could partially re-activate recently decommissioned coal plants—undermining its emissions goals with the dirtier fossil fuel—andplants.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Macron calls for ‘de -escalation’ of tensions in Ukraine as threat from Russia loomsEMMANUEL MACRON has demanded a 'de -escalation' of tensions between Russia and Ukraine after the Kremlin moved 100,000 troops near to the border, despite denying it is planning an invasion.
Read more »
Britain will deploy army to defend Europe if Russia invades Ukraine, says Boris Johnson🗣️Britain will deploy troops to protect its allies in Europe if Russia invades Ukraine, Boris Johnson said as he predicted Vladimir Putin’s army would face “ferocious resistance” from Ukrainian freedom fighters
Read more »
U.S. Puts 8,500 Troops on Alert for Possible Deployment to Europe Amid Ukraine CrisisThousands of U.S. troops were put on standby to deploy to eastern Europe as fears of a Russian ground invasion into neighboring Ukraine looms over the European continent.
Read more »
What happens if Russia invades Ukraine? – podcastWith diplomatic talks at an apparent impasse, Vladimir Putin seems prepared to start a war. Andrew Roth reports from Moscow
Read more »
Russia could use 'deception' tactic to keep NATO guessing, security experts fearAround 126,000 Russian combat troops are gathered close to the Ukraine border, along with 30,000 pro-Moscow separatists in contested Donbas. Nato is bolstering its deterrence in the Baltic Sea region
Read more »