Energy evolution

Energy evolution
While attempts are being made to move away from fossil fuels for energy production, the transition is not happening as efficiently as many predict. New methods of extracting oil and gas have kept these resources cheap and plentiful and have turned importers into leading exporters. Meanwhile, failed policies – many of them based more on emotion than on scientific facts – have exacerbated many of the problems energy markets face – or created new ones.

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Transfer station for the EUGAL pipeline, connecting Nord Stream 2 to the European gas grid

GIS Dossier: Nord Stream 2

The Nord Stream 2 pipeline was supposed to cement Russian dominance over Europe’s gas markets while bypassing Ukraine. But as it nears completion, Gazprom’s bargaining power versus the EU appears diminished. The Kremlin’s strong-arm tactics have simply proved no match for market forces.

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