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    GlobalPost: How Europe can kick its Russian gas habit

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Summary

Europe's addiction to cheap Russian gas gives Moscow a powerful tool in the standoff with Western countries over Ukraine

by: Sruthi

Posted in:

Press Notes

GlobalPost: How Europe can kick its Russian gas habit

This port on the Atlantic coast is just about as far from Russia as you can get on the European mainland.

But this pretty little town where explorer Vasco da Gama was born five and a half centuries ago could soon be on the frontline of a battle to break Europe's dependence on Russian energy exports.

Just south of the picturesque fishing harbor stand three squat concrete cylinders girdled by blue and yellow pipes. Each is capable of holding more than 120,000 cubic meters of liquified natural gas. None of it comes from Russia.

"We've got capacity in the Iberian peninsula that's sufficient to significantly supply the rest of Europe from the south," says Paulo Furtado, regulation manager at Portugal's energy network company REN.

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