Can Europe strengthen its energy security while advancing decarbonization and competitiveness? - The European Files

Can Europe strengthen its energy security while advancing decarbonization and competitiveness? - The European Files

Q: From an oil & gas perspective, has Europe actually made progress on security of supply since 2022? A: In February 2022, Europe was in a critical gas supply situation, with just under half of its gas supply lost or under threat. This is probably the most serious energy crisis since the 1973 oil shock. Since then, Europe’s energy security has improved in some ways but remains fragile.  The EU has successfully reduced Russian gas imports from 45…