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    The Hill: The Decline of the Gazprom Era in Europe

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Summary

The Hill looks at Gazprom's declining prominence in Europe and how it has fallen so far from grace in recent years

by: Erica Mills

Posted in:

Press Notes

The Hill: The Decline of the Gazprom Era in Europe

Last month's European antitrust charges against the Russian national gas company, Gazprom, seem to signal that the heyday of Russian gas in Europe may be coming to an end. Europe has been Gazprom's largest gas export market for decades, but dependence on Russian energy and Moscow's resulting influence has increasingly bedeviled European policymakers and cemented their resolve to pursue energy diversification. The EU's antitrust case is only one among the many factors over the last decade that point to a turning point in Gazprom's role in Europe, but neither Russian energy influence nor the importance of ongoing EU energy reforms should be discounted too fast.

Read the full article HERE.