Going to be a long search given that there aren’t any realistic alternatives. Europe gets around 40% of its gas from Russia, and you can’t just create this new capacity out of thin air. Countries that produce LNG, are already producing it at their capacity right now. LNG is also an order of magnitude more expensive than pipeline gas as well as being subject to market fluctuations. Pipeline gas from Russia is the only reliable way for Europe to have a steady energy supply at a predictable cost.
It’s absolutely shocking to me that European leaders did not think of this when they went along with US sanctions. It’s pretty clear that the reality is starting to set in now at least in Germany.
5 Search alternatives to the Russian Gas, that is what they are currently do.
Going to be a long search given that there aren’t any realistic alternatives. Europe gets around 40% of its gas from Russia, and you can’t just create this new capacity out of thin air. Countries that produce LNG, are already producing it at their capacity right now. LNG is also an order of magnitude more expensive than pipeline gas as well as being subject to market fluctuations. Pipeline gas from Russia is the only reliable way for Europe to have a steady energy supply at a predictable cost.
It’s absolutely shocking to me that European leaders did not think of this when they went along with US sanctions. It’s pretty clear that the reality is starting to set in now at least in Germany.