Illustration: Liam Cobb
Commodities
Gas-Addicted Europe Trades One Energy Risk for Another
Rather than replace Russian fuel with next-generation renewables, the continent has increasingly turned to American natural gas. But it’s risky, too.
Europe, long-reliant on Russian natural gas, has nearly severed its dependency on the Kremlin in less than two years. Its preferred replacement — gas from the US — is widely viewed as abundant, politically palatable and less likely to be choked off than pipelines from Siberia.
It’s also growing riskier by the day.