Russia's media, Europe's gas crisis and the Mediterranean - analysis
Published date | 06 October 2021 |
Author | SETH J. FRANTZMAN |
Publication title | Jerusalem Post, The: Web Edition Articles (Israel) |
Europe as a whole is a huge market for Russia, and while some European countries have tended to want to work with or appease Moscow, especially Germany, others want a stronger stance against Russia. After the UK left the European Union, the bloc has been in more disarray.
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The overall context is not just about gas and energy. It is about rising authoritarian regimes and their economic clout. Russia, China, Turkey, Iran and other states want to work together. They can do so via the Belt and Road Initiative or the Shanghai Cooperation Organization. They all see economic policy and energy as part of national defense and diplomatic policy.
This is in contrast to Western countries that often act in a more compartmentalized way, with diplomats doing one thing, generals another and economic leaders doing something else. In short, the West is weak when it comes to dealing with important issues like energy.
What are the Europeans saying? Reuters notes that "Russian supplier Gazprom has been fulfilling its sales obligations under long-term contracts but not adding more. That has drawn accusations by European Union lawmakers that it is pushing up gas prices in Europe, which have surged to record highs amid tight supply and other factors." European Energy Commissioner Kadri Simson says this is a very serious matter and he is working closely with
EC executive vice president Margrethe Vestager. Some EU countries want a coordinated response.
According to CNBC, "the EU receives most of its natural gas supplies from Russia. In 2020, Moscow accounted for 43.4% of the EU's natural gas stock, followed by Norway at 20%."
MEANWHILE IN France, where the leadership has been angry over recent defense deals between the US, UK and Australia, there is talk of reducing energy dependency on foreign countries. France knows that numerous Mediterranean countries, such as Spain, Italy and Greece, have faced struggles relating to the high energy costs. France recently signed a new defense deal with Greece.
CNBC notes that "the front-month gas price at the Dutch TTF...
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