Thursday, February 24, 2022

Reliance

 NY Times: How a Ukraine Conflict Could Reshape Europe’s Reliance on Russia By Josh Holder, Karl Russell and Stanley Reed - More than a third of the natural gas in Europe comes from Russia. Any disruption to the fuel supply could send shock waves across the continent.

In 2021, 38 percent of the natural gas used by the European Union came from Russia, according to Bruegel, a research organization.

If gas does stop flowing, importing countries would need to find other sources. Some of the difference would most likely be made up by bringing in more liquefied natural gas from sources around the globe.

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