Pipelies

Gas ultimately will flow again, and Ukraine won’t freeze: the compromise may be hard to reach, but one will be found. But it’s clear already that Russia will come out ahead of its gas showdown with Ukraine. Whatever the precise outcome of this year’s version of the big gas drama, Moscow has succeeded in painting its former satellite as an unreliable partner. Even better, Russia can only be bolstered in its attempts to diversify supply routes to Western Europe. Its North Stream and South Stream p...