Russia’s attack on Ukraine has given the project fresh impetus as Europe seeks to find new energy sources to starve Russia of funds to fuel the war.

Russia is not only one of the world’s largest exporters of energy products, but it is also Europe’s biggest supplier of these fuels.

Suncor Energy tapped LNG Canada chief executive Peter Zebedee to head its mining and upgrading operations.

War in Ukraine and the redrawing of the Iron Curtain around Russia threatens to turn a regional energy crisis into a global one.

Prices of materials like crude, gas, wheat and metals have become alarmingly erratic as a gulf emerges between buyers and sellers who are facing big financing strains.

This graphic looks at how five key assets have performed in 2022 thus far, comparing the prices of WTI crude oil, the Invesco DB Agriculture Fund, gold, the S&P 500, and bitcoin.

The European Federation of Energy Traders is petitioning for “emergency funding mechanisms” in order to prevent some traders from experiencing liquidity problems.

Russia is a key supplier of oil, natural gas, coal, aluminum and nickel, while Ukraine is a major grain producer.