Forget the Cold War – Russia holds the power to deliver a very cold winter to Europe

The EU, and Ireland, should be moving to reduce its dependence on Putin’s supplies of natural gas

17th June, 2018
Russian president Vladimir Putin signs an autograph on a natural gas pipeline in Vladivostok Picture: Getty

The EU currently imports more than half of all the energy it consumes. This €1 billion per day import dependency is estimated to be 90 per cent for crude oil, and 69 per cent for natural gas. What is most concerning about this is the fact that a very significant proportion of this comes from Russia. The EU is particularly dependent upon Russia for supplies of natural gas.

As a result of this reliance, several EU countries...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Comment: Ireland needs a ‘right of way’ law so all citizens can enjoy our beautiful countryside

Elaine Byrne: Culture of discrimination won’t change until men tire of it too

Anton Savage: Feeling superior in the Land of the Free

Vincent Boland: Chronically underperforming Unilever long past its salad days