Comment by anovikov
6 hours ago
But it is necessary to do anyway? Just accept the losses and move on. Eventually solar will take over everywhere regardless of what anyone does, or doesn't. A few years of perturbations don't matter.
6 hours ago
But it is necessary to do anyway? Just accept the losses and move on. Eventually solar will take over everywhere regardless of what anyone does, or doesn't. A few years of perturbations don't matter.
basically, you are right. as the other commented said, "Europe cedes sovereignty with gas" be it Russian or American. The continent should be laser focused with renewables and other forms of energy generation (also nuclear, if necessary, even if i am not too happy about it)
With LNG, it's not as bad. It is about as bad as oil imports. No dependence is created because all LNG is the same and you can just buy it from anyone on the market - unlike a pipeline that creates a mutual dependence.
We can see though that it turned out to be worse for Russia than for Europe: they haven't found another export market when Europe declined imports, only other candidate is China but knowing they are the only ones, they demanded, and got, deep discounts. Pricing of "Power of Siberia" supplies is not public and it's been claimed that given transportation costs, it actually sells gas cheaper than Russian internal prices.