The European energy landscape has changed markedly in 2014. What was unimaginable in 2013 has become possible: Russia might stop gas supplies to European Union countries; the EU might survive the winter without Russian gas; Ukraine might refrain from importing gas from Russia and reform its gas sector; South Stream might be shelved and Russia might invest massively in gas exports to China and Turkey; and unconventional gas production might translate into a glut of cheap liquefied natural gas. Not all of these will happen, but the possibilities mean that the EU must rethink its relationship over gas with Russia …read more
Source: European Voice
