The Gas and Energy Crisis in Europe

Following Germany’s announcement to suspend the certification process for Nord Stream 2, gas prices have risen. This pipeline plays a key role in relations between Brussels and Moscow Russia is the main supplier of gas to Europe; Ukraine would be the main loser of Nord Stream 2. Europe, like many other parts of the world, is currently experiencing an energy crisis. So far this year, the price of natural gas has risen by 110%, while the price of Brent oil, which is mainly extracted from the North Sea, has risen by 50% on the continent. Moreover, for the first time…