News
Europe is replacing energy dependence on Russia with solar reliance on China
Europe relied on cheap Russian energy for decades. And Russia was happy to supply low-cost oil and gas to gain political influence over the European Union. That relationship has now imploded.
Related Knowledge Center: Energy security and pricing
State of Play
The United States achieved net energy independence in 2020, but that has not insulated the nation from the roiling of energy markets in the wake of the Russian invasion of Ukraine. Europe has been a large consumer of Russian natural gas, and the effort to wean itself, with the help of the United States, has strained markets and endangered global efforts to address the climate crisis.