Three days after Russia invaded Ukraine, and after sweeping sanctions were levelled against Vladimir Putin's regime, Europe's appetite for Russian gas shows no sign of diminishing.
Europe once enjoyed reliable gas supplies from the North Sea field – which is now all but depleted. Russia, meanwhile, has the world's largest reserves of natural gas.
In 2021, Russia sold about $100 billion worth of oil and gas to Europe, William Jackson, an economist at Capital Economics, estimated. Gazprom supplied about a third of Europe's gas in 2020,Germany, the largest economy in Europe, relies on Russia for more than half its gas. Germany has been phasing out nuclear power in favour of gas, and has been trying to build a new pipeline to bring in more from Russia.
Georg Erdmann, former chair of the Department of Energy Systems at the Institute for Energy Technology at Berlin University of Technology, told
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