For decades, Russia’s state-controlled gas giant, Gazprom, played a central role in the international gas war, shaping global energy markets through its control over key pipelines into Europe. This dominance gave Russia substantial geopolitical influence, particularly over Europe, where natural gas was a critical energy source. However, since the invasion of Ukraine in 2022, Europe’s reliance on Russian gas has plummeted, forcing a significant realignment in global energy supply chains. How did we get here, and what does it mean for your energy bills and the future of global power?
How did Gazprom rise to power? What were the geopolitical tensions surrounding key transit routes like Ukraine? How is Europe’s recent pivot to alternative gas suppliers and renewables reshaping the market? What is the future of Russian gas exports, as sanctions and market diversification reduce Gazprom’s influence, forcing Russia to seek new markets in Asia and the Global South?. For readers interested in the technical and historical underpinnings of the global energy market, this article provides an in-depth look at the forces that continue to shape energy prices and international relations.
Canada’s gas prices are affected by many factors – how does the global gas war fit in?
Click here for an interesting rundown of the International gas war with a detailed analysis of Gazprom’s evolving strategy and the broader implications for global energy security and pricing stability.
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