European power prices ease as gas markets weaken
December 16, 2025
Europe’s emancipation from Russian gas has been driven more by demand reduction and efficiency than by new supply, with remaining exposure concentrated in TurkStream and Russian LNG—making storage expansion and route diversification ongoing priorities. EU–Russia gas trade collapsed since 2021 due to EU diversification policy, Russia’s supply cuts, pipeline damage (Nord Stream), and the end of Ukraine transit (31 Dec […]
