With no end in sight of the Russia-Ukraine war, global energy markets will continue to be unstable, making 2023 another difficult year for global energy. Last year’s energy challenges could be repeated next winter and probably the next. Europe is not out of the woods yet. As EU energy commissioner Kadri Simson said, Europe has come a long way, but it still has a tough job ahead of it. [Gas in Transition, Volume 3, Issue 4]
Europe is accelerating transition away from fossil fuels, but is it based on sound modelling and data? Doing so without a safety net, such as natural gas, could prove to be a folly, with the risk of eventually plunging the EU into another energy crisis. [Gas in Transition, Volume 3, Issue 3]