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New IAGS report: G-7 leaders must face hard truths on energy security

In advance of next week’s G-7 meeting in Brussels aimed at seeking ways to strengthen Europe’s energy security, the Institute for the Analysis of Global Security (IAGS) released today a new report titled "Hard truths, Difficult Choices: Recommendations to the G-7 on Bolstering Energy Security."
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The Sino-Russian gas deal – not the "loss of China"

It is easy to see why the recent Russia-China pipeline deal, encompassing some $400 billion of gas over 30 years, would make policymakers on both sides of the Atlantic cringe, especially since it comes just days before the G-7 leaders meet in Brussels to discuss how to isolate Russia. But while there are many reasons for the West to dislike the gas deal, it may not as bad as it seems. In fact, it may offer some unforeseen benefits – even for the United States.  Gal Luft explains.

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The Sino-Russian gas deal

It is easy to see why the recent Russia-China pipeline deal, encompassing some $400 billion of gas over 30 years, would make policymakers on both sides of the Atlantic cringe, especially since it comes just days before the G-7 leaders meet in Brussels to discuss how to isolate Russia. But while there are many reasons for the West to dislike the gas deal, it may not as bad as it seems. In fact, it may offer some unforeseen benefits – even for the United States.  Gal Luft explains.

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Lord Howell: British fracking policy – a change of direction needed

In this Appendix to a Note on European gas supply diversification, Lord Howell writes that the UK fracking issue is being oversold and politically mishandled.

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Lord Howell: Russian Gas is the Realistic Option for Europe

Lord Howell, a former British energy minister, argues that moves to diversify energy supply to reduce dependency on Russian gas are a mistake. In this Note he urges the British government and their European allies to see Russian gas as the most realistic option for long-term stable energy.

Lord Howell writes: "It is probably in everyone's interest, European and Russian, to see  Russian alternative gas routes expanded (such as Southstream) which circumvent Ukraine, where there is bound to be continued trouble. But in the longer term  Russian gas will prove to be far the most reliable and the cheapest gas source for Europe. Costly diversification, or hopefully waiting for American gas, will prove both pointless and ineffectual." 
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