|The ESPO pipeline (nowpublic.com)|
In the past couple of years we have seen many tensions between Russia and European nations within the energy supply sector. Most notably the Russian and Ukranian dispute on gas prices which led to the Russians cutting off supplies and thus affecting millions of consumers in Europe. With a new pipeline between Russia and China Europe has to be even more careful with proce tactics and market strategies as the Russian now have a better position in negotiations. Still the dependence for now stays mutual and thus compromises have to be made.