The prospect of a major Russian offensive in Ukraine has brought European dependence on Russian energy into sharp relief and set off a scramble for alternatives.
The threat of a large-scale Russian invasion of Ukraine has put the United States and its European allies on high alert in part due to the potential for major disruptions to the European energy market, which remains highly dependent on Russian oil and gas. A Russian assault could trigger the cancellation of pending projects, including the Nord Stream 2 (NS2) pipeline to Germany, while Russian President Vladimir Putin has threatened to restrict energy exports.
Note EU: "Could all this however be more about US energy companies eying lucrative EU natural/liquid gas contracts, if Nord Stream 2 goes off the table? "
Read more at:
Russia’s Energy Role in Europe: What’s at Stake With the Ukraine Crisis | Council on Foreign Relations
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