Will Europe go back to Russian gas? The EU has vowed to give up once and for all its “addiction” to Russian gas, but will it? Some argue that Europe will be forced to turn back to Russia because it needs “cheap” Russian gas to revitalise its economy and stave off deindustrialisation. But that is a myth, both seductive and dangerous. It is based on a fundamental misunderstanding of how the European gas market worked. Put simply, Russian gas was never cheap.
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