The new Trump tariffs and their impact on the energy market
As the global landscape becomes increasingly unstable, Europe finds itself in a delicate balance of geopolitical tensions, shifting alliances, and economic uncertainties. A central element of this balancing act is the interconnected issues of energy security and defense—critical sectors for the continent’s resilience that demand profound global transformations. Geopolitical shifts are forcing Europe to reassess its energy dependencies and gradually abandon the 'stacked' green dream. Long reliant on imports from politically unpredictable regions such as Russia and the Middle East, the continent now faces an urgent need to diversify its energy sources. Renewable energy projects, cross-border electricity interconnections, and natural gas pipelines—such as those linking Israel, Cyprus, and Greece, including the GSI and EastMed projects—represent key opportunities. However, these projects are fraught with challenges, disputes over territorial rights and sovereignty, rather than technical complexities, particularly in the Mediterranean Sea.
"NAFTEMPORIKI TV April 3, 2025" Yannis Bassias Translation from Greek