Reliance on Russian gas has big risks for Europe

by GORDON SUNDLAND

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Europeans are debating whether to invest billions in Russian-backed gas infrastructure, including the Nord Stream 2 pipeline. They should not. And they do not have to — alternative supplies at affordable prices already exist and more are coming on line, from the eastern Mediterranean, the Caspian Sea and the US.

The EU has a once-in-a-generation opportunity to loosen Russia’s energy chokehold on parts of Europe.

To read the article in full, visit the Financial Times.