Europe Gas Crisis Hits Amid Harsh Winters: No More Cheap Russian Gas?
The abrupt halt of Russian gas through Ukraine has thrown Europe into a severe energy crisis amid harsh winters. With dependency rates once as high as 65%, nations like Hungary and Slovakia face crippling supply shortages. Gas prices are skyrocketing, inflation looms, and governments scramble for alternatives like LNG and renewables. Eastern Europe bears the brunt, grappling with economic instability and rising household energy costs. Is this the end of cheap Russian gas, or the start of Europe’s energy independence?