Russia’s invasion of Ukraine has highlighted the need for Europe to improve its energy security by reducing its reliance on Russian gas. According to Wood Mackenzie, European gas storage is back in the five-year range and the continent could go without Russian gas next winter. To survive without Russian gas in the long term, however, is a much more complex problem and one that will require improvisation. Russia’s invasion of Ukraine threw Europe’s dependence on Russian natural gas into sharp relief. The European Union is drafting measures to reduce its reliance on Russian energy, while various European countries, including the biggest economy, Germany, are revising their strategic energy policies, aiming to reduce their energy security vulnerability. It was this vulnerability that has stopped the EU, the U.S., and allies from slapping sanctions on Russian energy exports (for now). Europe receives some one-third of its natural gas from Russia, but […]