European Commission President Ursula von der Leyen has put forward an initiative to establish common strategic gas reserves in the European Union. The proposal is viewed as a long-term tool for energy security that would allow member states to respond more quickly to supply disruptions and sharp price fluctuations. According...
How sanctions dismantled one of the Kremlin’s key strongholds in Europe
Bulgaria, Romania, and Moldova have demonstrated that they are capable of fundamentally rethinking and strengthening their own energy security. A decade ago, it seemed unthinkable that Russia’s Lukoil could lose its foothold on the Balkans and along the Black Sea. Its assets dominated Bulgaria’s fuel market, supplied a meaningful share...