THE LATEST WAR IN EUROPE AND THE ENERGY CRISIS IT GENERATED.

Since February 2022, the conflict between Russia and Ukraine has gradually escalated and deepened the concerns the world about energy security. To understand the situation today, we must understand the importance of Russia in the global energy landscape and especially in Europe since this is the region of the world which is the most dependent on the energy supply from Russia. In Europe, fossil fuels represent approximately 70% of the final energy consumption and the European Union is the largest importer of natural gas in the world. That strong dependence is now forcing European countries to find alternatives to maintain the security of supply in the region. The diversification of the energy sourcing will be the key to energy security. [ABSTRACT FROM AUTHOR]