Russia’s invasion of Ukraine has prompted the biggest shake-up of European energy markets this century. This film explains how Europe became so dependent on cheap Russian gas, and explores the hard choices facing the EU as it tries to balance energy security and climate ambitions. Read more at https://on.ft.com/3D7bv31

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    35 Comments

    1. They kept telling Israel that they were going to split it in two. Yet Israel is the only place right now that has excess capacity from its offshore gas fields. Israel should tell Europe to go to h#$% until the egregious European moral arrogance and contempt comes to an end. Then more humble, they can approach Israel for natural gas.

    2. You don't mention the lack of strategic governance by the Tory party. They cancelled the the LNG storage in the UK. They privatised the electricity that now comes from France from their aging nuclear facilities. The UK not implementing their nuclear backbone before shutting down the aging reactors. Too busy making money for themselves to make the right calls on strategy. Also, where are the consultants advised the government now? Let's see them held to account.

    3. "The movement towards a multipolar world and the rise of emerging markets and developing countries have become an irresistible trend of history" (Xi Jinping, UN/HQ 2015). Seven years later (2022), the pace at which this 'trend of history' is unfolding is also determining the pace at which a declining American defined 'modern liberal unipolar world order' is being replaced by a rising China defined 'modern socialist multipolar world order'. Xi's 'trend of history' is the real enemy of a still dominant but increasingly desperate US; determined to bring down first Russia, then China, then whoever else gets in their way. For better or for worse, Putin and Xi are fully aware of and prepared for such insane, hegemonic belligerence. The worse being that they too have lots of nuclear warheads.

    4. Russia reacted to unreasonable western sanctions by ending the gas supply. The west brought this upon themselves, it all started around 2014 with subversive US/EU meddling in corrupt Ukraine.

    5. stange logic the MSM has…EU put sanctions on Russia.."froze" (illegally) Russian state bank accounts, stole (illegaly) Russian citizens assets, removed Russia from swift so they could not deal in dollars..yet it is russia who is holding the west as hostages?..did they expect to get the gas for nothing..?

    6. We've known for 8 years that Russia wanted Ukraine. We should have spent that time building up a renewable grid and converting central heating to heat pumps and electricity.

    7. SO all NATO countries sanctioned Russia, stole 380 bn $ from Russian taxpayers, sent 287 bn $ worth of weapons to nazist Ukraine and you wonder why they've closed the tapped?
      Because of Russian gas and oil EU achieved great economy.
      ALL ANTI-RUSSIAN SANCTIONS MUST BE LIFTED
      PEOPLE SHOULDN'T LISTEN TO PROPOGANDA AND GO ON THE STREETS.

    8. Whole Rusiia And Belarus And India 🇷🇺🇷🇺🇧🇾🇧🇾🇮🇳🇮🇳 Tarry poverty I'm cusrsink Whole Rusiia And Belarus And India 👎👎👎👎😠😠😡😡

    9. Wow, I absolutely do not believe that none of these people and companies did not see that Russia being the the dominant supplier of gas to Europe was a huge issue. This decision was all about profit with zero concern for any countries security. That is what these huge, unregulated Corporations do. They maximize profit and nothing else matters and if they run into any kind of issue governments (us taxpayers) will bail them out. Socialism for the wealthy and unrestrained free market capitalism for us Plebeians.

    10. It's a mutual dependency. It won't be easy for Russia either. If you made a documentary about sanctions on Russia and had transparent sources it would look way worse. The choice of making this one sided actually aids Russia forward it's propaganda that "Russia is impervious to sanctions and sanctions hurts Europe more". Gas is Russia's biggest market after oil and is really hard to redirect the sourcing. The biggest mistake Europe made here was to not completely cut off the gas supplies immediately, instead they gave Russia time to tamper with supply and demand to dictate prices and therefor been able to make up for the losses.

    11. I can sanction thee you cant sanction me! Hopefully vladimir cuts the gas and europe freezes and its citizens kick out there pathetic puppet political parasites and those unelected EU dickhead beaurcats! And line them up along the wall

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