News
Factbox: Europe's plan to wean itself off Russian gas faster - Reuters
The European Commission will next week propose plans to reduce Europe’s reliance on imported gas from Russia and make countries’ energy systems more resilient to supply shocks or price spikes.
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.