Article 5VFDV Energy crisis: where could Europe’s gas come from if Russia cuts exports?

Energy crisis: where could Europe’s gas come from if Russia cuts exports?

by
Jillian Ambrose
from on (#5VFDV)

Threat of war with Ukraine has led to fears of gas shortages in Europe, but there are alternative supplies

Rising tensions on the Russia-Ukraine border have raised fears that Europe's gas supply crisis could become far more serious. Gas market prices have already surpassed record highs and threaten to saddle European households with a cost of living crisis.

Russia is Europe's largest supplier of gas, of which a third flows through Ukraine's gas pipelines to countries across the continent. Russian gas flows have been a quarter lower than usual over the past year, but European leaders now fear that a Russian invasion of Ukraine could spell an energy catastrophe if gas exports are cut.

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