Europe’s Quest to Replace Russian Gas Faces Plenty of Hurdles
Climate concerns, investor reticence and political disputes complicate a shift to supplies from the United States, North Africa and the Mediterranean. HOUSTON — Russia’s natural-gas supplies have become a tool of leverage in its conflict with Europe over the Russian invasion of Ukraine.
Related Knowledge Center: Energy security and pricing
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.