Dependence on Russian gas has been a hot topic in Europe since the war events in Ukraine, with some experts arguing that Europe cannot do without “cheap Russian gas,” while others argue that this myth masks a more complex reality.
Russian gas sales to Europe have declined significantly by 2023, and the European Commission remains firm in its goal of completely eliminating Russian imports by 2027. However, the final decision rests with each member country.
The reality of cheap Russian gas
There is skepticism outside Europe about the region’s ability to abandon Russian gas. Other views state that Germany, as a European industrial power, depends on it, and that Europe in general cannot be competitive without it.
However, the myth of cheap Russian gas must be refuted. While Russia has abundant low-cost gas reserves, it has never sold them at cost. Russian gas was competitive, but not cheap.
The idea that Europe will be forced to turn to Moscow for its gas is unlikely. Anti-Russian sentiment is strong in much of Europe, and the European Commission is committed to the diversification of energy sources. energy sources.
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Source: Italy24
Photo: Shutterstock
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