RUSSIAN GAS: 2040
As the European calls for diversification away from Russian sources of natural gas continue in the wake of the Ukraine crisis, a just released study from The Brookings Institution shows that the European Union is likely to be using a lot of Russian gas even by the year 2040.
A 30-page white paper, entitled "Business as Usual - European Gas Market Functioning in Times of Turmoil and Increasing Import Dependence," it outlines several scenarios for Europe's future gas supplies, taking into consideration things like the price of oil, whether Ukraine gas transit will be used or not, and whether the controversial South Stream pipeline will be built.
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