Earlier quoted context omitted.
This is fearmongering. How much of Europe's natural gas consumption is used as fertilizer feedstock? Europe has plenty of alternative gas sources from Algeria to Norway, all the way to LNG. The only benefit of Russia was geographic proximity to the baltic and central europe countries and their price point. The main reason Russia's gas made sense in Europe was the transition of Coal Plants to NG plants (which is itsel…
Algeria cannot readily provides ressources https://www.spglobal.com/commodity-insights/en/market-insigh... and it seems it will be hit hard as all of north africa by the end of ukraine and russia grain export and drought affecting agriculture. Norway looks to be a more stable source https://oilprice.com/Energy/Energy-General/The-Beginning-Of-... But there was another source that I can't seem to find anymore that indi…
Algeria already provides gas to most of Southern Europe, it is the 5th largest gas producer in the world.
> another source that I can't seem to find anymore that indicates that norway gas reserves are not that great.
Norway is 6th largest NG produce in the world and yields a cubic output equivalent to a quarter of Russia's output.
The point is a very large investment/infrastructure rollout will come around to pluck gas dependency from Russia, it will happen either by alternative sources or eliminating the need for NG in specific applications.
The cost issue is no longer on the table, the European block has woken up, this is a geo-political issue now, economics has been relegated.