The now discontinued Nord Stream 2 landfall facilities in Russia.
Source: Nord Stream 2 AG

President Vladimir Putin’s invasion of Ukraine is forcing governments worldwide to digest the geopolitical consequences of war pursued by an energy superpower. 

The 27-nation European Union has responded by speeding up its disconnection from Russian gas, while the U.S. has barred Russian oil imports and is scouring the world for alternative supplies. Saudi Arabia is reveling in a renewed strategic importance as crude prices that collapsed two years ago hit new highs. 

And Russia, by threatening to withhold energy exports to Europe, is being thrust closer to China.

With the war in its third week, the shifts underway are inflaming old grievances but also creating the opportunity for fresh alliances as blocs start to align in what looks like a new world energy order. 

“This represents the biggest re-drawing of the energy and geopolitical map in Europe — and possibly the world — since the collapse of the Soviet Union, if not the end of World War II,” said Bob McNally, president of Washington-based […]

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