Would Solidarity Suffice? Stress-testing a Russian gas cutoff, the EU may be too optimistic

With the actions of Russia’s President Vladimir Putin becoming ever more unpredictable, the EU Energy Stress Test was an important step to prepare for the contingency of a supply stop of Russian gas to Europe. Relying on solidarity and LNG imports, however, may not be enough.

ESO: Background information: Breakthrough: $4.6bn dollar deal secures gas for Ukraine and EU http://www.europeansources.info/record/breakthrough-4-6bn-dollar-deal-secures-gas-for-ukraine-and-eu/

ESO: Background information: Europe needs gas and Russia needs cash, so expect an energy-fuelled reconciliation http://www.europeansources.info/record/europe-needs-gas-and-russia-needs-cash-so-expect-an-energy-fuelled-reconciliation/

ESO: Background information: Gas stress test: Cooperation is key to cope with supply interruption http://www.europeansources.info/record/press-release-gas-stress-test-cooperation-is-key-to-cope-with-supply-interruption/

European Commission: DG Energy: Energy Security Stress Tests http://ec.europa.eu/energy/stress_tests_en.htm

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