Vladimir Putin's stranglehold on Europe's energy markets

Yesterday, I suggested that the best way to undermine Putin's regime and his ability to project power into Europe is for America to develop the infrastructure to sell natural gas cheaply to Europe.
Now, here is some data to show just how strong a stranglehold Gazprom, the state-owned Russian gas company, has on European energy markets:
This position — in which Putin can turn off the gas in the middle of winter, and plunge countries into an energy crisis — has given him the ability to strong-arm European countries into accepting Russian foreign policy. This position of strength has blunted the European response to Russian soldiers taking over Crimea.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
By providing competition to Gazprom, America can give European countries more leverage in negotiations with Putin, and more ability to sanction Russian incursions into Eastern Europe.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
John Aziz is the economics and business correspondent at TheWeek.com. He is also an associate editor at Pieria.co.uk. Previously his work has appeared on Business Insider, Zero Hedge, and Noahpinion.
-
Help! Do we really need four Beatles biopics?
Talking Point The cast of Sam Mendes' Beatles biopics has been announced
By Chas Newkey-Burden, The Week UK Published
-
Test driving the Rolls-Royce Spectre Black Badge
The Week Recommends We take the most powerful Rolls-Royce ever built for a spin in Barcelona
By Fergus Scholes Published
-
Tuberculosis is seeing a resurgence, and it's only going to get worse
Under the radar The spread of the deadly infection is buoyed by global unrest
By Devika Rao, The Week US Published
-
Sen. Booker's 25-hour speech beats Thurmond
Speed Read He spoke for the longest time in recorded Senate history, protesting the Trump administration's policies
By Peter Weber, The Week US Published
-
Bondi seeks death penalty for Luigi Mangione
Speed Read Mangione was charged with fatally shooting UnitedHealthcare CEO Brian Thompson last year
By Rafi Schwartz, The Week US Published
-
Democrats win costly Wisconsin court seat
Speed Read Democrats prevailed in an election for the Wisconsin Supreme Court despite Elon Musk's robust financial support of the Republican candidate
By Peter Weber, The Week US Published
-
WHCA rejects White House press seating grab
Speed Read The White House Correspondents' Association objected to the Trump administration's bid to control where journalists sit during press briefings
By Rafi Schwartz, The Week US Published
-
Trump sends more migrants to El Salvador jail
Speed Read Another 17 Venezuelan alleged gang members have been deported to a notorious prison
By Peter Weber, The Week US Published
-
Trump 'not joking' about unconstitutional 3rd term
Speed Read The president seems to be serious about seeking a third term in 2028
By Peter Weber, The Week US Published
-
The JFK files: the truth at last?
In The Spotlight More than 64,000 previously classified documents relating the 1963 assassination of John F. Kennedy have been released by the Trump administration
By The Week Staff Published
-
Supreme Court upholds 'ghost gun' restrictions
Speed Read Ghost guns can be regulated like other firearms
By Rafi Schwartz, The Week US Published