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However, it will still take Russia many years to do the transition of supplying India and China (and whoever else), to the same level they were to Europe. In t
by Tozen 4y ago
However, it will still take Russia many years to do the transition of supplying India and China (and whoever else), to the same level they were to Europe. In the near future, Russia will be somewhat hurting itself, as it's hurting Europe.
China has claimed it wants to reduce its reliance on oil, particularly starting from the 2030s, but that all gets tricky if Russia will be supplying very cheap oil and gas or if China will be wary of relying so much on Russia as a matter of policy.
It's possible that Europe will spearhead ways to reduce the reliance on gas and oil, not replace, but figure out various new strategies and technologies around renewables and alternatives. Conventional nuclear doesn't seem to be on the table, because of the very long construction times, unless we are talking something like SMR nuclear.