Western Alliance Moves Fast On New Middle East Gas Supplies

Western Alliance Moves Fast On New Middle East Gas Supplies

OilPrice.com

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From the moment on 24 February 2022 when Russian troops first moved into Ukraine, liquefied natural gas (LNG) became the key swing energy resource without which the Western response to Russia’s latest act of war would have been as impotent as its response to the annexation of Crimea in 2014. In the decades leading up to 2014, several of Europe’s great powers – especially its de facto leader Germany – had built their economic growth on the foundations of cheap oil and gas supplies from Russia, and they did not want…

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