Noel: Europe cannot cope without Russian gas and faces energy rationing
Pierre Noel · Russia’s war hits energy markets hard · Mar 8, 2022 · at 5:23
Pierre Noel, global research scholar at Columbia University's Center on Global Energy Policy, discusses Europe's strategic vulnerability if Russian fossil gas supplies were severed following the 2022 invasion of Ukraine.
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“The answer is that we would cope only partially. Which is another way of saying we would not cope, or we would not cope satisfactorily. And just to be a bit more explicit, in some countries of Europe, and it's difficult to know exactly where, but, ah, the supply of energy, whether it's natural gas, or whether it's electricity, or whether it's heat, Would have to be rationed. Some homes and businesses would not get the final energy that they expect and that they have contracted for.”
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