This is a must-read article by EurActiv. Check it out!
Personally, I am deeply concerned by the knee-jerk reaction from the European Commission to Russian sanctions on gas exports. In my judgement, Europe has escalated sanctions with Russia and now is considering another strategic move, without a robust energy strategy. Who is running Europe and in whose best interests?
The article makes the assumption that relations with Iran will improve to the point of removing sanctions on Iran. It is only very recently that Iran has signaled a change of direction. President Obama has responded positively to the olive branch but conservative politicians are much more wary of Iran.
Most important of all, this strategy ignores Cyprus, Greece and Israel. The Israeli Foreign Minister has indicated that he would be willing to explore exporting Israeli offshore gas to Europe via a pipeline to Cyprus and Greece. There are currently no sanctions on Cyprus, Israel and Greece.
This blog has been deeply suspicious of the absence of an effective energy strategy from the European Commission.
Let me ask an open question:
Should the European Commission not debate more open a strategy switch from Russia, and potentially Israel and Cyprus in favor of Iran?