
European governments are scrambling to shore up their natural gas supply if Russia cuts off exports. But one question worth raising: How in the world did Europe leave itself so vulnerable to Vladimir Putin’s energy extortion?


The nearby chart shows how Russian gas exports have increased in tandem with declining European production. A mere 15 years ago, countries in the European Union produced more gas than Russia exported. Yet European production has plunged by more than half over the last decade. Mr. Putin has happily filled the supply gap.
In 2020 Russia exported nearly three times more gas than Europe produced. What’s amazing is that Europe increased its reliance on Russian gas even after Gazprom repeatedly suspended pipeline exports to Ukraine. Germany’s response: Build the Nord Stream 2 pipeline to make itself less dependent on gas flowing through Ukraine.















