CNBC: What if Russia turns off the gas? Europe assesses its options as fears mount over Ukraine crisis
* For several months, Russia has been accused of intentionally disrupting gas supplies to leverage its role as a major energy supplier to Europe amid an escalating dispute with Ukraine.
* The Kremlin has repeatedly disputed claims it is using gas as a geopolitical weapon, with Gazprom saying it has fulfilled its contractual obligations to customers.
* Now, as tensions reach a fever pitch between Russia, Ukraine and the West, energy analysts are deeply concerned about the risk of full supply disruption to the EU.
Escalating tensions between Russia, Ukraine and the West have heightened concern about the future of Russian gas flows to the European Union, with lawmakers and energy providers scrambling to prepare contingency plans.
It comes as President Joe Biden warns there is a “distinct possibility” Russia could invade Ukraine as soon as next month and as the Kremlin says there is “little ground for optimism” after the U.S. rejected its main demands to resolve the crisis. Russia has amassed an estimated 100,000 troops near the border of Ukraine but denies planning to enter the former Soviet republic.
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WNU Editor: The US is now admitting that replacing Russian energy exports will be difficult .... U.S. Admits Finding Non-Russian Gas For Europe Is A Challenge (OilPrice.com).
I disagree.
Replacing Russian natural gas and oil supplies is feasible, but it is going to take time and it is going to be very very very expensive.
More News On Europe Assessing Its Options If Russia Turns Off The Gas
Global coal prices surge as Ukraine tensions worsen supply woes -- Reuters
Russian gas supply halt would deal EU economic hit: report -- Euractiv
Azerbaijan Is Ready To Supply Natural Gas To Europe -- National Interest
Australia Offers Gas to Europe as Russia-Ukraine Tensions Mount -- VOA
Qatar in talks to supply gas to Europe if Russia cuts supplies -- The Guardian
Europe can only partially replace Russian gas -- Euractiv
Can Europe survive without Russian gas? -- RT
Energy crisis: where could Europe’s gas come from if Russia cuts exports? -- The Guardian
Factbox: What are Europe's options in case of Russian gas disruption? -- Reuters
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