Abstract
Purpose – Russian dominance of the Eurasian natural gas delivery system has put the independence of the EU's foreign policy at risk. Although Europe is struggling to counteract the threat, Russia appears to be winning the game. This paper aims to recommend significant measures to reverse the trend.Design/methodology/approach – This is a discussion paper exploring the issues involved.Findings – Russia's stranglehold already has acquired 25 percent of the European market. Moreover, it is installing four new pipelines, and plans to increase its market share substantially. In response, Europe is building or planning three new pipelines. The author recommends additionally: strategic gas reserves, anti‐trust prosecution, financial and political inducements, and offering WTO membership to Russia in exchange for concessions.Practical implications – Europe can win the great natural gas pipeline game if it is played with commitment. Europe must focus on the big prize, natural gas independence.Originality/value – Th...
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