Europe’s Energy Dependence on Russia Can’t Last

Date: 05-26-2014 | Category: Articles, Energy Security, Europe, Geopolitics, Russia and Eurasia

Vladimir Putin is the father of the most significant energy mix shift in Europe. Ukraine may be the straw that broke the back of the energy camel. As a result, Russia is about to lose a lot of revenue. Talk about the unintended consequences.

Even before Putin occupied the Crimea and supported separatist insurgency in Eastern Ukraine, the EU Commission began to seek ways to diminish the continent’s dependence on the Russian gas.

Today, the Old Continent brings 30% of their gas imports from Russia. But Central and Eastern European countries, from Bulgaria to Ukraine, are dependent on Russian gas for over 70% of their total gas consumption. That means, with literally a push of a button in Moscow, these countries can become dark and cold. In fact, this already happened in 2009 and may occur again.

http://blog.heritage.org/2014/05/26/three-keys-european-energy-independence-russia/ By Ariel Cohen The Heritage Foundation May 26, 2014

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