The energy pressures created by Russia’s invasion of Ukraine continue to shape a new global energy future. One EU embargo on Russian coal imports taking effect today is only part of the bigger picture.
Energy bills are skyrocketing in places like the UK, where analysts predict poverty could be a problem as early as January as Britons try to keep up with the rise energy costs. But there is hope.
“While Russia’s energy war has rekindled old animosity with Europe, new relationships are reinvigorating relations between once-cool partners and old enemies,” says Cipher Brief Expert and Energy Expert Standard Rolls.
“Europe has embarked on a wave of diplomatic engagements with non-traditional partners in Africa, the Middle East and Central Asia.”
And elsewhere ? How has the energy crisis caused by the Russian invasion affected energy markets around the world and how are new geopolitical dynamics affecting the future of energy?
As China eyes new pipelines with Russia and African countries seek new energy connections, The Cipher Brief sat down with Roule, who travels frequently to the Middle East, to talk about the indicators we need to look for to better understand how bad things could go. before they get better.
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