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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

What Happens to Europe’s Energy If Russia Acts?

A Russian construction worker speaks on a mobile phone during a ceremony marking the start of Nord Stream pipeline construction in Portovaya Bay some 170 kms (106 miles) north-west from St. Petersburg, Russia on April 9, 2010. (AP)

Fears are rising about what would happen to Europe’s energy supply if Russia were to invade Ukraine and then shut off natural gas exports in retaliation for US and European sanctions.

The tensions show the risk of Europe’s reliance on Russia for energy, which supplies about a third of the continent’s natural gas. And Europe’s stockpile is already low. While the US has pledged to help by boosting exports of liquefied natural gas, or LNG, there’s only so much it can produce at once.

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