The American alternative: lobbying in a billion-worth market
9 March 2023 Energy Security International
Mario Vega 8 min
The war in Ukraine has jeopardised and reshaped the European energy sector, of which almost half is dependent on Russian gas imports. In this regard, it is of vital relevance to highlight the fact that fourteen Member States rely on Russia for more than 50% on its gas imports, which entails a high percentage of financing for Putin’s war within the neighbouring country. In this sense, the dilemma on this political agenda is evident considering that Russia is the largest gas exporter in the world. In the heat of the events in Ukraine, Europe questioned whether it should continue buying Russian gas to guarantee consumption or block its arrival, putting the energy security of the twenty-seven at risk.
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