Will Russian Gas Flow Again? U.S. and Moscow in Talks to Revive Energy Ties with Europe
Amid tensions in Europe over energy supplies, leaders from the United States and Russia are in discussions to possibly reinstate Russian gas exports to Europe. This could play a crucial role in Ukraine's peace process. New deals could help Moscow recover its global gas market share, despite EU opposition.
As Europe grapples with reduced Russian gas imports due to the 2022 Ukrainian invasion, Washington and Moscow are in talks to revive sales. The discussions aim to potentially ease European political opposition while addressing peace prospects in Ukraine, sources tell Reuters.
The shifting energy landscape saw Russia's share of Europe's market drop to 19%, from 40%, largely redirected towards liquefied natural gas. Despite this, industry insiders suggest certain European countries remain open to buying Russian gas post peace negotiations.
While the U.S. could gain influence in this scenario, EU officials remain firmly resistant, as highlighted by Commission President Ursula von der Leyen's assertion against reopening Russian energy channels. Efforts for potential U.S. investment involvement continue, as peace talk facilitators seek solutions amid damaged pipelines and ongoing geopolitical tension.
(With inputs from agencies.)
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