European Natural Gas Supply Secure Despite Political Crises
Journal: Econstor (Econstor)
Year: 2014

Natural gas is a significant contributor to European energy supply. Hence, the political crisis between Russia and Ukraine increases fears of the consequences of Russia suspending natural gas supplies to Ukraine and the European Union. The last time this had occurred was in the winter of 2009 when Russia and Ukraine disputed about the price of natural gas and transit costs. However, the European Union has subsequently increased the security of its gas supply. Progress has been made in implementi