Financial TimesFinancial Times

‘There is nothing else out there’: why Europe is hooked on Russian gas

By Tom Wilson

07 Apr 2022 · 5 min read

As outrage over the war in Ukraine grows, European leaders are under mounting pressure to expand sanctions against Russia and end the EU’s decades-long dependence on the country’s oil and gas once and for all.

But an analysis of the top 10 global producers shows just how difficult it would be to remove Russian gas from the European energy mix without imposing stringent curbs on industrial consumption that could crush economic growth.

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