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Russian energy looms large in EU's planning

image sourced from original article at https://www.arabnews.com/node/2588780

The EU is debating whether to restart Russian gas sales to Europe as part of a potential Ukraine war settlement with Moscow. Some argue that cheaper Russian gas could boost Europe's economic competitiveness, as gas prices in Europe are often higher than in the US. However, opponents, including the Baltic states, Poland, and Slovenia, view Russia as a pariah state and resist increasing energy reliance on Moscow. The EU has been working to reduce its reliance on Russian energy and has secured many new gas deals since 2022. The US is now the EU's top LNG supplier, and allowing more Russian gas back in could hurt its market share and weaken its influence.

Original article source: https://www.arabnews.com/node/2588780
Source Id: 2025-02-620818317

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