Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical natural gas supplies as Russia's war in Ukraine sends prices to new highs.
ABC News' Linsey Davis speaks with Rivne, Ukraine, Mayor Oleksandr Tretyak about Ukraine's defense as Russian troops step up attacks on civilians.FRANKFURT, Germany -- Europe is scrambling to reduce its dependence on Russia for energy and bracing for potential disruption to critical natural gas supplies as Russia's war in Ukraine sends prices to new highs.
To prepare for any cutoffs as the war intensifies and to reduce Russian reliance, countries are rounding up new supplies of liquefied natural gas — LNG — by ship. They're also speeding up plans for gas import terminals and pipelines that don't depend on Russia and talking about allowing coal-fired power plants to keep spewing climate-changing emissions for longer if it means energy independence.
European Union countries are working on setting up a strategic gas reserve and establishing storage requirements. Officials are urging countries to sign agreements to share gas in emergencies. Energinet plans for the Baltic Pipe to partially launch Oct. 1. and be fully operational Jan. 1 with capacity of up to 10 billion cubic meters of gas a year.
But sanctions are indirectly hitting oil from Russia, the world’s No. 3 oil producer that sells 25% of Europe’s supply. Some oil buyers in recent days have shunned Russian crude, fearing that if sanctions were applied to Russian energy, their purchased oil could be rendered unusable.
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