Why Putin still might shut off Europe’s gas
There was a time in the not-so-distant past when Europe and Russia had a mutually beneficial relationship with each other — at least in the energy field. Europe, a major oil consumer, received reliable supplies of crude and natural gas from Moscow, while the Russians received tens of billions of dollars in return. The European Union imported 155 billion cubic meters of natural gas from Russia last year, equivalent to about 45 percent of its total gas imports. There was an ingrained assumption in European capitals that, even if relations with the Russians were thorny, fossil fuels would continue to head west. War, however, can change things in a flash. European and Russian officials now talk past each other, and sometimes they leave the room when the other is speaking.