Energy Issues in the Ukrainian Crisis
Energy issues figure prominently in many discussions of the conflict in Ukraine. As is often noted, Europe’s reliance on Russian natural gas gives Moscow significant leverage. Ukraine, moreover, is weakened by its own dependence on Russian energy, and its situation is complicated by the Russian natural gas pipelines that transverse its territory. Less often noted are Ukraine’s own significant gas deposits, several of which are threatened by Russian actions. To be sure, Ukraine’s proven natural gas reserves—which ranked 24rth in the world as of 2010—are dwarfed by those… – Read More