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The impact of conflict between Russia and Ukraine on natural gas value and availability could prompt the European Union to reconsider its energy priorities

Photo by American Public Power Association / Unsplash

The conflict between Russia and Ukraine has exposed Europe's dependence on Russian energy resources and has triggered a scramble for the remaining scarce energy sources available.

Although Russian gas is still being furnished to the EU, which accounts for 40% of the EU’s total supply needs, the EU will end up paying an extremely high price for oil, gas and electricity as a result of the current armed conflict in Ukraine.

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