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Back to Russian gas? Trump-wary EU has energy security dilemma (www.reuters.com)

submitted 3 months ago by IndustryStandard@lemmy.world to c/europe@lemmy.ml

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PARIS/BERLIN, April 14 (Reuters) - More than three years after Russia's invasion of Ukraine, Europe's energy security is fragile. U.S. liquefied natural gas helped to plug the Russian supply gap in Europe during the 2022-2023 energy crisis.

But now that President Donald Trump has rocked relationships with Europe established after World War Two, and turned to energy as a bargaining chip in trade negotiations, businesses are wary that reliance on the United States has become another vulnerability.

Against this backdrop, executives at major EU firms have begun to say what would have been unthinkable a year ago: that importing some Russian gas, including from Russian state giant Gazprom (GAZP.MM) could be a good idea.

That would require another major policy shift given that Russia’s invasion of Ukraine in 2022 made the European Union pledge to end Russian energy imports by 2027.

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[–] gravitas_deficiency@sh.itjust.works 1 points 3 months ago (1 children)

Seriously - take a page out of France’s book, and then also invest in renewables. There’s gonna be a shitty transition period, but now is the time for strategic thinking around energy policy.

[–] eldavi@lemmy.ml 1 points 3 months ago

france relies heavily on nuclear power and the fact that they're losing control of their colonies in africa has forced them to switch the caucuses; proving that they have a vulnerability and that was making them re-embrace fossil fuels as a result.