Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

How Europe Became So Dependent on Putin for Its Gas: QuickTake

July 26, 2022, 5:24 PM

Russian gas has been attractive to Europe because it was easy to transport and almost always available. Its importance grew in recent years as some countries moved to end coal and nuclear power generation and production from their own gas fields declined. Russian state-controlled company Gazpromwas supplying about a third of all gas consumed in Europe, until the war in Ukraine disrupted supplies and underscored the risk of overdependence on one energy provider.

1. What changed as a result of the war?

After Russia invaded Ukraine, the European Union drew up aplan to cut gas imports from Russia ...