While U.S. LNG will play second fiddle to pipeline gas from Russia in the European market, the mere fact that Gazprom has granted pricing concessions is a sign that Europe's LNG imports are having a significant effect.
The Arctic’s strategic importance to Moscow helps explain why Russia is moving ahead so aggressively in the region while the economic case for doing so is questionable
Russia has the means and determination to hold onto its gas market in Europe, but in doing so, will be forced to give up much of its leverage over pricing and the way contracts are written.
Russia's oil industry has hit a post-Soviet record, but it lacks access to the investment capital it needs to maintain output.
In the wake of the crisis and violence in Ukraine, the EU stepped up its search for alternative supply sources to trim its dependence on imported Russian natural gas, but solutions such as imported LNG provide only marginal energy security gains.