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.
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Trump may team with a tech company to create a database of Americans
In the Spotlight A recent report indicated that Trump is partnering with the tech company Palantir
-
Trump says Putin vowed retaliation for Kyiv strike
speed read The Russian president intends to respond to Ukraine's weekend drone strikes on Moscow's warplanes
-
Trump hits Africa, Middle East with new travel ban
Speed Read The travel ban bars visitors from 12 countries and restricts entry from seven
-
Elon Musk slams Trump's 'pork-filled' signature bill
speed read 'Shame on those who voted for it: you know you did wrong,' Musk posted on X
-
Depleted FEMA struggling as hurricane season begins
speed read FEMA has lost a third of its workforce amid DOGE cuts enforced by President Donald Trump
-
White House tackles fake citations in MAHA report
speed read A federal government public health report spearheaded by Robert F. Kennedy Jr. was rife with false citations
-
Judge blocks push to bar Harvard foreign students
speed read Judge Allison Burroughs sided with Harvard against the Trump administration's attempt to block the admittance of international students
-
Trump's trade war whipsawed by court rulings
Speed Read A series of court rulings over Trump's tariffs renders the future of US trade policy uncertain
-
Elon Musk departs Trump administration
speed read The former DOGE head says he is ending his government work to spend more time on his companies
-
Trump taps ex-personal lawyer for appeals court
speed read The president has nominated Emil Bove, his former criminal defense lawyer, to be a federal judge