Energy Crisis in Europe: What’s Next After Russia’s Gas Cutoff?

2025-02-03 0

Three years after Russia's invasion of Ukraine, Europe is still battling an energy crisis. But how did we get here, and what’s next? :globe_showing_Europe-Africa::high_voltage:

Before 2022, Europe relied on Russian gas for 35% of its supply. When the war began, gas prices soared, and Europe scrambled for alternatives like LNG from the U.S. and Norway. Renewable energy—wind and solar—grew by 50% since 2021, but energy costs remain high.

With Russia still selling LNG to Europe and global competition driving up prices, the future remains uncertain. Will Europe ramp up renewables and nuclear energy, or will domestic gas production make a comeback?
Location: London
WooGlobe Ref : WGA530046
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