The war in Ukraine has revealed just how differently the US and Europe are currently positioned with energy security — and it's sparking a rethink of the push into renewables
For decades, Europe has been able to keep the lights on by relying on cheap natural gas piped in from Russia.
has also threatened to cancel existing energy contracts if payment isn't made in rubles, a move that could be a breach of sanctions. in March promised to deliver more liquefied natural gas to Europe this year to help with the energy crisis — a move that could potentially provide some relief to Europe and solidify America's role as a leading natural gas exporter in today's market.
"At the same time, Russian natural gas was easily available and inexpensive so as these countries began turning from coal and nuclear, they increased their natural gas usage," Matthew Pitzarella, a coleader of the energy industry team at law firm Buchanan Ingersoll Rooney, told Insider.Europe wasn't going to depend on Russian natural gas — or any other fossil fuel — forever.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
US Dollar Index retreats to 102.00 as Fed Minutes favor cautious optimism, US data eyedUS Dollar Index retreats to 102.00 as Fed Minutes favor cautious optimism, US data eyed By anilpanchal7 DollarIndex Fed China Ukraine RiskAppetite
Les mer »
Motorola launches the affordable Moto E32s in EuropeMotorola's most recent device introduced in Europe is an affordable Android phone equipped with a MediaTek processor, the Moto E32s.
Les mer »
George Soros Says Russia's Gas Storage Is Almost Full — and Europe Should Hold Its NerveBillionaire investor George Soros says Putin is “obviously blackmailing Europe.”
Les mer »