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How Europe breaks its dependence on Russia

From woodmac.com

The energy crisis sparked by the war in Ukraine has forced Europe to rethink energy policy. Germany neatly encapsulates the wider predicament. The continent’s biggest economy allowed itself to become far too dependent on Russian imports, particularly gas, for its own use. Germany was also a driving force behind Nord Stream 2, the now-stranded pipe that would have locked northern Europe into Russian gas for the foreseeable future. A pivot to imported LNG and a doubling-down on renewables are at the core of the new energy policy agenda. In essence, the war has acted as a catalyst for Germany to accelerate its domestic ... (full story)

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  • Category: Fundamental Analysis