Which vital product is Europe becoming more reliant on Russia for? Sky's Ed Conway looks at the trends in wholesale gas prices, as well as the data detailing what Europe has been importing more of from Russia since the invasion of Ukraine. Read more: https://news.sky.com/story/sanctions-against-russia-have-changed-what-europe-imports-but-its-still-worth-billions-to-putin-13316457 #russia #trade #europe #ukrainewar SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free
Decline in EU renewables increases power prices and fossil fuel use A decline in renewable energy output across the European Union has led to rising power prices, as well as a greater dependence on coal and natural gas. Wind power, which usually reaches a seasonal peak in Europe during the winter, has dropped by over 20% in some countries. Reduced wind energy production has driven natural gas prices to a two-year high, while coal prices have risen by about 12% since mid-2024. An upcoming Arctic blast is expected to further increase fossil fuel use for heating and potentially exacerbate already