EU Russian Energy Exit Stalling as War Premiums Compound Import Costs
🇪🇺 BRUSSELS — Europe's escape from Russian energy is slower than advertised, and Gulf war costs are why. 📌 LOOK CLOSER: Auditors flagging the exit as faltering means alternative supply chains — LNG, Norwegian gas, Gulf crude — aren't absorbing volume fast enough. With Brent above $100 and Hormuz premiums compounding, the replacement cost has spiked precisely when the transition is most exposed. Southern European states dependent on cheap pipeline flows bear the asymmetric pain.
