With Russia recognizing on February 21 two breakaway republics in Ukraine’s Donbass region, war between Russia and U.S.-backed Ukraine appears closer than ever. However, such an escalation means Europe is bound to face an energy crisis, as sources of oil and gas remain too small or unreliable to meet its needs, writes Nikola Mikovic.
Amid escalating tensions between United States/NATO and Russia, all eyes are on Ukraine. But Nord Stream 2, a pipeline built to bring Russian gas under the Baltic Sea directly to Germany, is an integral part of the story, writes John Foster.
Markets do not solve the problem of energy pricing. What is required is planning and long-term investments in infrastructure, writes Prabir Purkayastha.