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How Europe plans to manage its energy needs
By Michael RAE, Global Energy Analyst, MG Investments
In the face of declining Russian gas exports, it appears Europe may have managed to store enough gas reserves to see out this winter at least. The crisis is delayed for now, and is managed for the medium term, but uncertainty remains over the longer term. How will Europe manage its current and future energy needs?
There is still some Russian gas supply flowing through Ukraine to Austria, Hungary and Italy, and it should be noted that further cuts to supply would not cause the same initial shock, and this would have less of an effect. Also, it could be argued that Russia may not want to cut further as this would...
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