The EU's Decoupling from Russian Gas: What's the "New Normal" and How Sustainable Is It?

Abstract

After the Russian invasion of Ukraine, the EU focused on diversifying away from Russian energy supplies. Getting rid of Russian natural gas, which had dominated EU markets, became one of the priorities, and, as a result, the EU's imports now look markedly different. However, a careful assessment of the stability and security of the new supply portfolio is necessary.