Why the EU is still buying Russian energy?

 

Since the beginning of the war in Ukraine, the European Union has radically reduced its imports of coal, oil and natural gas from Russia. In fact, the bloc's stated goal is to eliminate all Russian fossil fuel imports by 2027.

Mozambique’s gas wealth - Insurgents shut down huge energy project | DW Documentary

 

Mozambique could be one of the world’s largest energy suppliers. Huge natural gas reserves are located off the country’s northern coast. But they are not being exploited - because of a brutal insurgency involving Islamist militants. When giant natural gas fields were discovered off Mozambique’s coast, Western investors came in droves. French company TotalEnergies was among those to secure a lucrative license. In 2019, it pledged to invest 20 billion US dollars by 2024. The first gas deliveries were to begin in 2024.

Russia cuts off gas to Moldova as it moves toward Europe |

Moldova gets a lot of its gas from Russia. Now, Europe's poorest country is afraid that Russian president Vladimir Putin could cut off supplies this winter, as Moldova moves closer to the European Union.

How did Germany end its reliance on Russian gas?

When Russia started to restrict its supplies of gas to western Europe, one of the most affected countries was Germany. The country is heavily dependent on the fuel - and initially struggled to find a replacement. Germany has not only managed to replenish its stored gas, but has also built its first terminal for imported liquefied natural gas - in just 200 days.

Gas prices soar in Europe after Russia cuts off Nord Stream supplies

European gas prices again reached near-record highs on Monday. EU countries are digesting the implications of Russia's decision to switch off flows down the Nord Stream 1 pipeline to Germany, announced late on Friday. 

Is nuclear energy making a comeback?

Europeans are facing substantial increases in energy bills driven by Russia curbing gas supplies to the continent.

Natural gas prices continue to rise in Europe and are now about 10 times more expensive than a year ago.

How the EU's need for gas complicates the Russia-Ukraine crisis

 

Fears remain high that a Russian invasion of Ukraine is imminent, setting off a wider dispute between Moscow and the West. Including, potentially, over gas. A spokesman for the Russian government said Monday that the country would not cut-off its supplies to Europe. But Moscow's leverage in energy-politics is hard to ignore: It's the largest single deliverer of natural gas to the EU – where demand is only set to rise.

Russia accused of blackmailing Europe over gas supplies

 

Wholesale gas prices in Europe hit a record high rising nearly 40% in a single day as huge demand for energy continues.

Why this Russian gas company sponsors soccer teams

Russia has the world’s largest reserves of natural gas, and most of it is controlled by the state-owned company Gazprom. But Gazprom has also built a global profile as a soccer sponsor. Good publicity for Gazprom means good publicity for Russia; since Gazprom is owned by the Russian state, domestic approval for the foreign energy provider can help build a reputation for Russia in places that might otherwise be wary of their creeping influence. And as Vladimir Putin pursues that influence abroad, building relationships with foreign business leaders using the sport of soccer has proven extremely useful.