NATO Veterans Initiative - NAVI’s Post

Via Atlantic Council: The Russia-Ukraine energy divorce offers a chance for Europe to take control of its energy security  By Olga Khakova I 06.01.2025 Through wars and military aggression, Russian President Vladimir Putin has sought a legacy of imperialistic unification. Instead, his twenty-five-year reign leaves Russia without a vital revenue stream from pipeline gas sales to Europe—with the last of the transit agreements having expired on January 1 after Ukraine refused to renew it. Russia’s state-owned energy giant Gazprom has seen billions in losses as transit through Ukraine shrunk from 130 billion cubic meters (bcm) in the early 2000s to a meager 15 bcm in 2023. While future major long-term deals with Kyiv are out of the question following Russia’s illegal and unjustified atrocities in Ukraine, the window is still open for Russia to sell smaller volumes of gas on the spot market.  This puts Europe at a crossroads. Russia had succeeded in fostering a narrative that Europe’s economic prosperity hinges on cheap Russian energy sources by strategically monopolizing the European gas market with discounted prices. This myth was busted when Europe paid a trillion dollars in 2022 to mitigate the energy crisis manufactured by Moscow to blackmail Europe to abandon Ukraine. Europe now has two main options. It can put an end to Russian piped gas in perpetuity and build a secure, resilient economy with alternative supplies. Or it can cave under economic pressures and backslide into dependency through a patchwork of deals with short-term discounts. [https://lnkd.in/eBSBKbmb]

Atlantic Council - Shaping the global future together

Atlantic Council - Shaping the global future together

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