I'm pretty sure that Russian invading Ukraine made a big difference to the natural gas situation this year. Am I missing something or is the article talking about something I don't understand?
I'm pretty sure that Russian invading Ukraine made a big difference to the natural gas situation this year. Am I missing something or is the article talking about something I don't understand?
So as many across the western world predicted, Russia used (and continues to use) that dependency as leverage to get leniency on their actions in Ukraine.
Natural gas will continue to be a critical bridge fuel to get to a world that is majority powered by renewables. Impossible to do without it.
Europe gambled Russia wouldn't do something like this and they lost. That loss caused the price of European nat gas to spike 2000% at one point and it's still up 800% today.
I wish I could say that Russia made a decision that contributed as well but that's like the frog blaming the scorpion.