Over the past few years, the European Union (EU) has sought to enhance its energy security by implementing the Third Energy Package, proposing an Energy Union, holding Russia’s state-owned energy giant Gazprom to competition rules, and actively pursuing the Transatlantic Trade and Investment Partnership (TTIP). Despite these efforts, the EU still has a long way to go. Lack of infrastructure currently prevents large quantities of liquefied natural gas (LNG) from reaching the Baltic states and the Central and Eastern European (CEE) region where dependence on Russia is the highest. The European Commission (EC), and most importantly its member states, …read more
Source: Atlantic Council