European energy security has received a great deal of attention on both sides of the Atlantic since Russia suspended gas shipments through Ukraine in the winter of 2009. In response to Ukraine’s experience, the European Union has taken steps to develop interconnectors and new liquefied natural gas facilities that would allow gas to flow to vulnerable member states in Eastern Europe. It has also increased alternative sources of supply, including new routes, development of renewables, and LNG imports. These steps have already had some effect on prices being charged by Gazprom, Russia’s state-controlled energy firm. Now, following Russia’s annexation of …read more
Source: Atlantic Council