Leonid M. Grigoryev and Dzhanneta D. Medzhidova prepared an analytical review “EU Energy Markets: Chilly Autumn 2022” for “InfoTEK”

Leonid M. Grigoryev, Academic Supervisor, Professor of the School of World Economy, told the “InfoTEK” publication about how the fall of 2022 became the turning point for the radical restructuring of the EU energy sector. The co-author of the review is Dzhanneta Mezhidova, a visiting lecturer at the HSE University.

In 2022, a new energy crisis erupted in the EU amid slowing growth, accelerating inflation, tightening financial markets and higher rates, as well as heightened geopolitical tensions with key fossil fuel supplier Russia. The current tensions have come to a head with the blowing up of the ownership of two European consortiums with a large stake in Gazprom, namely the two Nord Streams.

Obviously, the coming winter will be a great economic and social test for Europe, a test of the effectiveness of management in the EU in general and the management of gas flows from ports and UGS facilities to consumers in particular.

You can read more about the review at the link.