Russia has begun gas flows from Eastern Siberia to China through the 3,000-kilometer Power of Siberia 1 pipeline and is now proposing the construction of a second pipeline, Power of Siberia 2, specifically for the Chinese market.

Recently, the leaders of the Atlantic Council took stock of developments over the past year, peer into the future, and predict the biggest global risks and opportunities that 2023 could bring.

The blizzard that hit the United States, in recent days, has brought anxiety back to global energy markets, especially in Europe.

"American companies took advantage of Europe's need for oil and gas, and raised their prices significantly compared to internal selling prices."

The French-German relationship is in crisis again, and this time, the spat seems more serious than usual, threatening to undermine the EU's ability to act.