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October 2021

The recent energy price crisis once again put in the spotlight the issue of the EU’s dependency on the import of natural gas. In 2019, the EU’s energy import dependency rate was 62% (up from 56% in 2000). In this regard, gas import dependency reached a record high of 89.5 % in 2019, with Russia providing 42% of imported gas. Such extreme exposure magnifies not...

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