The ongoing Ukraine crisis has further politicized Russian energy trade with Europe and added a geopolitical dimension to already strained Eurasian gas relations. Fearing natural gas interruptions and Moscow’s political influence, Europe’s leaders are keen to phase out Russian gas. But Europe will not have to survive without Russian gas due to the size of its market, its attractiveness for Gazprom and other suppliers, and for the crucial importance to Russia for gas exports. Rather than aiming at curbing Russian gas imports, Europeans should make sure that if they buy Gazprom’s molecules, the latter should not come attached to Moscow’s …read more
Can Europe Survive Without Russia’s Natural Gas? Part I: Maybe, But It Should Not Have To
