Shashank Joshi on How the War in Ukraine Will End
The Good Fight
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Is This an Energy Crisis?
When will Europe actually have decreased its reliance on Russian gas? This is, I think, a really difficult question because it gets into these problems of some big European divisions. The Netherlands in Groningen has Europe's biggest gas field, which is almost dormant and effectively switched off due to coalition politics within the Netherlands. And so they say, well, why would we do business with you? Why would we lock-in multi-year contracts that may make us more vulnerable to this? It's down to those big European debates that are going to have to play out within the EU and other places.
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