Natural Gas is Russia's New Weapon of Choice
Edward Lucas, the Wall Street Journal | June 19, 2008
In the 80s Ronald Reagan warned Europe about becoming dependent on Russian energy. ++ With Gazprom supplying over 40 percent of Germany’s natural gas, this prediction is becoming a reality. ++ A question for the future, is whether the EU’s energy liberalization policy - unbundling the wholesale and retail businesses in gas and electricity- will either challenge or assist the Kremlin’s increasing influence. ++ In any case, gas will probably be used as political leverage in future Russian-EU relations, a prospect that should have Europe wincing.
