Europe’s gas crisis has entered a scary new phase. Last week, the biggest pipeline carrying Russian gas into Germany was closed for maintenance. And many in Europe fear the Russians will keep Nord Stream 1 closed indefinitely – putting further pressure on gas supply in the colder months.
Europeans are burning more coal, scrambling for new sources of gas, and committing to lots of renewable energy in a frantic attempt to slash reliance on Russian fossil fuels. But there are real questions about how quickly those solutions will shift the balance of power.
Meanwhile, gas prices are soaring in markets around the world – leading to fears about recession and long-lasting economic impacts. What are the possible scenarios that could play out?
This week, host Jason Bordoff sits down with Anne-Sophie Corbeau and Dr. Tatiana Mitrova to explain the state of gas markets.
Anne-Sophie Corbeau is a Global Research Scholar at the Center on Global Energy Policy at Columbia University’s School of International and Public Affairs; Dr. Tatiana Mitrova is a Research Fellow at the Center on Global Energy Policy.
Together, they discuss how deeply the gas shocks will impact Europe, Russia, and the rest of the world.
Around the world, activists are turning to the courts to hold major polluters accountable for climate change.
Pemex is well known as one of the world’s most indebted oil and gas companies, but it has also recently gained notoriety for its natural gas flaring practices.
A new commentary explores the changes in the European Union's natural gas market in 2022 and the European Commission’s proposed methane emission regulations.
This commentary discusses these four potential purchasing avenues to meet Europe’s variable current demand and to better suit the continent’s highly uncertain long-term LNG needs.