Europe’s energy exposure to Russia

Project Nabucco aims to provide Europe with access to gas independently of Russia.  However the project is not without its problems – in fact it is not entirely clear where the gas can be originated without having an ong oingdependence on Russia anyway.  Clemons in his Washington Note posting provides an update on the project’s progress – and outlines the open issues.  Interesting to see how aggressively Russia is investing to ensure that Nabucco does not succeed as intended.