News
How Russian Gas in Europe Is Dwindling
Since fighting broke out in Ukraine nearly seven months ago, Russia and Europe have been waging an economic war over energy, one that could have dire consequences for millions of households and businesses across the continent.
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.