The Hidden Price of “Cheap” Russian Gas

The Hidden Price of “Cheap” Russian Gas

For years, Russian gas was seen as the bedrock of Europe’s industrial competitiveness, reliable, abundant, and above all, cheap. But as Europe transitions away from Russian energy, the true cost of that dependency is finally coming into view. This article reconsiders the myth of cheap Russian gas, showing that beyond the apparent price advantage, the continent paid a high price in terms of strategic exposure, political leverage, and security ris…