Andrew Hammond
Since the start of the Ukraine war, the EU has sharply increased its focus on energy security, reaching many new gas deals, particularly with the US and Middle Eastern countries. However, as EU leaders prepare for any potential deal between Moscow and Kyiv, whether that comes in 2025 or beyond, the thorny question of the future role of cheaper Russian gas in the European energy mix is arising once again.
New EU Energy Commissioner Dan Jorgensen has pledged to end the bloc’s energy ties with Russia by 2027. But there is a debate underway in Brussels on whether Russian gas pipeline sales to Europe should be restarted as part of any Ukraine war settlement with Moscow. The proponents of such a move assert that it could help boost the continent’s economic competitiveness, as gas prices in Europe are often three to four times higher than in the US.
However, such discussions have already prompted fury from some of the staunchest opponents of Russian President Vladimir Putin. These include the Baltic states, Poland and Slovenia.
For as long as Putin remains in power, Moscow will be seen by much of Europe as a pariah state. For sure, some EU countries, including Hungary, Slovakia and Bulgaria, may significantly increase their energy reliance on Moscow. However, it is likely that many current European leaders will resist.
No comments:
Post a Comment