3min chapter

The Sound of Economics cover image

Read with Bruegel: The New Map: Energy, Climate, and the Clash of Nations

The Sound of Economics

CHAPTER

The Impact of the European Energy Crisis on the Industry

Energy security as a concern in Europe and North America fell off the table. But now it's back, with US LNG being by now alpha of the LNG supply into Europe. European companies are kind of depressed right now about how do they stay competitive in Europe? And what does that mean for jobs? It will become clearer but Europe is as competitive disadvantage of not having been able to rely on inexpensive Russian gas.

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