40 years of pipeline diplomacy between Germany and Russia have been wiped off the table: Eurasia Group
Henning Gloystein, Director of energy of Climate & Resources at Eurasia Group, joins BNN Bloomberg and talks about European natural gas prices climbing as Russia’s attack on Ukraine impacts key transit routes through Ukraine. He says 40 years of pipeline diplomacy between Germany and Russia have been wiped off the table, and preparations are being made in Europe to maximize alternative supplies in case Russian gas stops flowing. He adds that there’s a threat of additional natural gas supply disruptions for Europe in the coming days and weeks.