Expert Opinions
The Rude Awakening: Europe Is Struggling to Secure Gas Supplies
Gas trade between Russia and Europe has had its ups and downs for over half a century but has brought tremendous benefits to both sides. Europe’s energy policy ambition of a fast shift to a carbon-neutral economy for which natural gas is undesirable and merely a near-term, stop-gap solution is a threat to Russia-Europe gas trade. In these circumstances, Russia is likely to intensify its efforts to diversify away from its dependence on the European gas market both in terms of methods of gas delivery and target markets, writes Vitaly Yermakov, expert with the Centre for Comprehensive European and International Studies, National Research University Higher School of Economics.