Energy
Amid Ukraine Endgame, Some in Germany Want Russian Gas
- Europe has spent three years weaning itself off Russian gas
- Germany’s economy on a path of decline that could be permanent
The return of some Russian volumes would help lower gas prices in Europe.
Source: BloombergThis article is for subscribers only.
Some German industries in the east of the country are already planning for the time when Russian gas returns to Europe encouraged by the efforts of US President Donald Trump to end the war in Ukraine.
Europe has spent three painful years weaning itself off gas from the east with the biggest impact felt in Germany, the region’s largest economy. German industry was built on cheap Russian gas and rising energy prices have already trammeled growth and forced some manufacturers to move production abroad.