Interesting. I thought that Europe is depending on the Gulf for its energy, but it turns out that it is Russia.
But I guess they don't want to exclusively depend on Russia, so there must be some diversification via the Suez canal.
Interesting what will happen to geopolitics, in the event that Europe turns carbon neutral (if that ever happens)...
"The stability of the EU’s energy supply may be threatened if a high proportion of imports are concentrated among relatively few external partners. In 2019, almost two thirds of the extra-EU's crude oil imports came from Russia (27 %), Iraq (9 %), Nigeria and Saudi Arabia (both 8 %) and Kazakhstan and Norway (both 7 %). A similar analysis shows that almost three quarters of the EU's imports of natural gas came from Russia (41 %), Norway (16 %), Algeria (8 %) and Qatar (5 %), while over three quarters of solid fuel (mostly coal) imports originated from Russia (47 %), the United States (18 %) and Australia (14 %)."
