This Op-Ed argues that the European Union’s long-term prosperity and security depend on breaking its structural dependence on imported fossil fuels. It highlights how recurring energy crises (from the 1973 oil shock to the recent surge in oil and gas prices) have exposed Europe’s vulnerability to volatile commodity markets and suppliers whose political trajectories are uncertain at best.
While the EU has reduced its reliance on Russian energy since the 2022 crisis, it still relies heavily on imported oil and gas and pays about three times more for natural gas than industries in the United States. To avoid repeating past energy shocks, the EU should move beyond short-term diversification and pursue a more integrated energy strategy that accelerates electrification, strengthens partnerships with reliable neighbours, and builds domestic clean-technology supply chains.
Author’s Conclusion:
“Unlike the 1970s, when countries responded individually, this crisis demands a leap in deeper European integration. Diversifying fossil fuel suppliers is only a temporary solution; the long-term answer lies in accelerating electrification. The EU should leverage market access to build domestic clean tech capacity and strengthen—not weaken—its climate architecture, including reforms to the ETS to better manage price volatility, while carbon leakage tools should become investment instruments.
Strengthening European defense risks being in vain without addressing its persistent economic vulnerabilities. History shows that those who adapt during crises position themselves for the future, while those who resist change remain vulnerable to recurring challenges.”
– Mihnea Cătuți
For further details and media inquiries, please contact Mihnea Cătuți: mihnea.catuti@epg-thinktank.org