Good macro NG information. But Norway can up its capacity. Russia provides about 1/3 of needs. So, it will be tight and prices will increase, but Europe will get by, they aren’t going to freeze. They have been preparing for this for a long time.
The reliance on alternative energy has proven to be a failure, put politicians are screwups. Business will get them through this if Russia invades.
Making the Euros burn more coal is going to be a huge lesson in regards to Russia.