Author: Tulay Kalyon Haznedaroglu

The war in Ukraine that erupted in 2022 has sent shock waves through European gas markets. Energy prices have skyrocketed, global natural gas flows have been redirected, and policymakers across the continent have been forced to pivot dramatically toward energy security. In short, the Russia-Ukraine war has not only been a conflict between two nations but has also unleashed economic consequences that resonate far beyond the battlefield. Today, Europe is on the brink of a renewed energy crisis, with gas reserves reducing and the supply cuts from Moscow looming. This turmoil is compounded by a staggering 45% surge in gas…