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If Europe cannot turn to North Africa, it can look elsewhere.
The global liquefied natural gas market is likely to grow. The United States and Canada are also likely to become major exporters. Big new fields have been found in the waters off Israel, and exploration is starting off the coast of Cyprus. But the most obvious source is Russia, which already has 54 percent of the European gas import market.
"We would expect there to be an increasing share in Europe for Russian gas," said Catherine Robinson, an analyst at IHS Cera in London."
The Russian bear is awakening; those 6.6 million square miles of resources are really paying off. The balance of power in Eurasia is shifting. -- Luis
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