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2015-04-30 18:55:00

EU VS GAZPROM

EU VS GAZPROM

Ever since Russia annexed the Ukrainian peninsula of Crimea in the Black Sea, the European Union has suddenly discovered it needs to quickly diversify away from Russian natural gas. But can the E.U. ever truly kick its main foreign gas supplier to the curb?

Here's the quick answer: nyet.

Russian natural gas accounts for roughly a third of all foreign supplied natural gas coming into Europe. Russia's biggest partner is Germany. In that state, Russia's presence is on the upswing.

Gazprom Germania, a subsidiary of the Russian state-owned gas giant,…

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Tags: EU, RUSSIA, GAZPROM, GAS, LNG
Chronicle:
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