Western leaders are preparing for the possibility that Russian natural gas flows through the key Nord Stream pipeline may never return to full levels. WSJ’s Shelby Holliday explains what an energy crisis could look like in Europe, and how it might ripple through the world.
Illustration: David FangFor years, the French state has been a cornerstone of the European energy market, thanks to its huge fleet of nuclear reactors. They enabled the country to export cheap power to nearby countries, helping keep electricity prices in check across the region.
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