Could the EU survive a full winter without Russian gas? Sure it could. Will it want to? I doubt that as it will get very expensive. that being said, being the premium vanilla market on Earth will get quite a number of suppliers running. Europe is still a pretty wealthy place and it can pull a lot of volumes from other places that can’t afford to shell out so much dough. One thing I ask myself is why the Russians attacked now. winter is almost over – Europe has a full summer to prepare. Apparently, this was not a factor when planning the invasion.
The European Union is capable of going through next winter without imports of Russian natural gas while avoiding serious damage to its economy, according to a new report by Belgium-based think tank Bruegel.