Europe's gas market after Russia's invasion of Ukraine: supplier diversification reshapes the geopolitical picture
Five years ago Europe's gas market depended entirely on Russia, but the situation has changed significantly since the invasion of Ukraine. A Latvian Radio programme examines how the market works now.
Europe's natural gas market has changed substantially in recent years. Five years ago it was fully dependent on Russia: gas flowed from east to west through pipeline networks built over several decades. After Russia's full-scale invasion of Ukraine, that picture shifted.
How the European gas market functions today, and how diversifying energy suppliers affects the geopolitical situation, is analysed by the Latvian Radio programme "(ne)Diplomātiskās pusdienas" ("(Un)Diplomatic Lunches").
The topic matters because the sources of energy supply are closely tied to national security and influence in international politics. The source material does not give detailed figures on suppliers, volumes or prices.
