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.
“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.”
Read the full article here.