Onero Research
Understanding the 2025 Moldovan Energy Crisis: the Need for Diversification in an Unstable Global Energy Order
In 2025, Russian gas supply to Moldova and its de facto independent region of Transnistria ended. Moldova's prior diversification allowed it to mitigate the crisis, while Transnistria's lack of preparation magnified the crisis.
Ukraine’s Gas Pipelines: an Opportunity to Reflect on Europe’s Energy Politics
The expiration of the Russia-Ukraine gas transit deal—which will cut Russian gas flow to Europe by 30%, from an already reduced 35% of 2021 levels—underscores Europe's structural and political challenges in fully eliminating reliance on Russian energy.
Europe’s Incomplete Decoupling from Russian Gas: Sanctions, Shadow Fleets, and Third-Party Deals
Despite sanctions and efforts to diversify energy sources, Europe has not fully decoupled from Russian gas. Indirect purchases through third-party countries, long-term contracts, and Russia's shadow fleet enable Russian energy to continue flowing into Europe via complex, covert channels.

