Weizhen Tan of CNBC reports that Russia’s weaponization of natural gas supplies could backfire, according to energy expert Dan Yergin.
- If conflict does occur in the region, gas supplies from Russia to Europe will be cut off.
- While damaging to Europe, it could arguably be more detrimental to Russia who would see a more uncertain natural gas market and perhaps less business in the future as countries look elsewhere for energy needs.
- Already Europe has taken steps to diversify its energy portfolio by importing American LNG and including nuclear and natural gas as green investments.
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“Russian President Vladimir Putin will have to pay the price if he were to ‘weaponize’ gas supplies to Europe as Russia-Ukraine tensions rise, says energy expert Dan Yergin.”
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