Energy Deficit, Price Imbalance From Ukraine War
Europe's energy system underwent a complete change following the war in Ukraine. Previously, Europe was massively dependent on Russian gas delivered via pipelines. Russia then reduced and subsequently cut its deliveries, leading to Europe facing brutal tension with few immediate alternatives and insufficient energy stocks. When Russia reduced and then cut its deliveries, Europe experienced tension due to insufficient energy stocks and a lack of immediate alternatives.
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Sources · 7 independent
RTS La 1ère
“l'Europe a complètement changé son système énergétique. Avant, avec la guerre en Ukraine, l'Europe dépendait massivement du gaz russe qui était acheminé par Gazoduc.”
RTS La 1ere
“l'Europe a complètement changé son système énergétique. Avant, avec la guerre en Ukraine, l'Europe dépendait massivement du gaz russe qui était acheminé par Gazoduc.”
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