One year on, Europe's energy crisis is far from over

Europe is not out of the woods

Collapsing natural gas prices, resilient industrial activity and a recovering euro have led some to conclude that Europe’s energy crisis is over, even as the war in Ukraine continues.

However, Europe is not out of the woods yet. While the region has adapted well to significantly lower Russian energy imports and the energy shock appears milder than initially feared, the region is still faced with three key threats. Deep Dive: Experts predict all forms of energy will be 'winners' in the next decade How each of these play out could have a major bearing on the performance of the European economy, although the fallout elsewhere is likely to be more limited. Three lingering challenges First, although European natural gas prices have fallen dramatically from their s...