Europe’s Russian gas era comes to an end

https://tribune.com.pk/story/2519382/europes-russian-gas-era-comes-to-an-end?

11 comments

  2. If only it was true… Europe still buys a lot of gas from Russia via third parties. Also after the German elections in Feb things may change, they have been pushing the EU to stop sanctioning Gazprom

  4. This is going to screw russia forever most likely as the global energy business retools for a world where russian oil/gas is mostly excluded from the global marketplace. We are going into a future where oil/gas supplies will exceed demand. Major oil/gas consumers will shift their purchases to allied countries. The vast majority of oil/gas demand is from western countries. These same countries are also increasing supplies quickly.

    China is the only major eastern oil/gas consumer but they’re also the leader in renewable energy and EVs, so it is likely their demand will plateau rather quickly and they will enter a phase where supply growth exceeds demand.

    Russia will take the brunt in terms of stranded oil assets.

  5. > For Europe, the loss of cheap Russian gas supplies contributed to a major economic slowdown, a spike in inflation and the worsening of a cost-of-living crisis

    We should have done this ages ago and not be addicted to a dictator. Merkel’s polices were wrong in this. Though it goes further back.

  7. It always blows me away how arrogant Germany is  about Russia, constantly posturing and shit talking, and also is one of the largest buyers of Russian petroleum, to the degree they are helping russia fund their war efforts 

  8. Well, even if the oil demand actually will decrease, Venezuela will be the big supplyer to Europe soon enough. Even if they are temporary excluded from Mercosur, which EU is just starting to consider (even if French farmers dont like it).
    The country only need to fix its infrastructure and Russia would get totally redundant.

  9. So europe has been funding Russia’s war machine the last 3 years?? And no body was talking about this or protesting?

  11. That was quick! So bring back nuclear power plants, Germany?

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