Europe and the U.K., having survived their first winter with reduced Russian gas, now must turn their attention to next winter, according to the leaders of Commonwealth LNG and Chesapeake Energy Corp. The energy crisis in Europe caused by the Russia-Ukraine war has awakened the world and Europe in particular to its risky reliance on Russian gas, Commonwealth LNG founder and chairman Paul Varello said Feb. 1. Varello spoke during a panel discussion alongside Chesapeake Energy chairman and CEO Nick Dell'Osso at the annual NAPE Energy Summit in Houston.
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