In pipeline politics Russia has the upper hand and a blend of energy sources, though expensive, would ensure future supplies
The gas deal announced last week saw agreement between Russia and China after 10 years of negotiation. The implications of Russia’s turn eastward to seek a new energy partner should raise concerns in Europe over its own gas supply and wider energy security.
Gazprom’s share of Europe’s gas market reached approximately 30% in 2013. As the Ukraine crisis has soured relations between Russia and Europe, both sides are looking to diversify.