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The Guardian - UK
The Guardian - UK
Environment
Jillian Ambrose

Redrawing of global energy markets map set to heap benefits on US

Donald Trump has promised US voters lower energy bills and a domestic manufacturing renaissance
Donald Trump has promised US voters lower energy bills and a domestic manufacturing renaissance. Photograph: Ina Fassbender/AFP/Getty Images

The Kremlin’s invasion of Ukraine three years ago has reverberated through the global energy industry; unravelling Europe’s decades-long reliance on gas imported via pipelines from Russia, and triggering a global squeeze on gas markets that unleashed a cost of living crisis still felt today.

The prospect of a peace deal has many wondering whether the energy industry could be upended once again; this time giving way to a market serving the interests of the US president hoping to broker the deal.

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