The UK is receiving two Russian LNG cargos this week after a rare cold spell caused by freezing winds from Siberia. Some might see a cruel irony in that: Siberian winds highlight Gazprom’s dominance in Europe. Irony or not, however, this is the truth to date, as painful as it may be too many in Europe. As Gazprom’s CEO Alexei Miller put it, there is no other gas supplier to the continent and the UK that can ramp up deliveries so quickly. This state of affairs is certainly a challenge for the European Union. It has been trying to diversify its gas supplies away from Russia, intensifying these efforts after the gas war between Russia and Ukraine in 2010 that led to supply outages in Europe. This gas war has flared up again in recent days after the Stockholm Court of Arbitration ruled in favor of Ukraine’s Naftogaz, slamming […]