This is from the NATO Review magazine. Though it is mentioned but it doesn't appear that the EU has prepared any contingencies since EU countries are reeling under the Russian stoppage of gas through Ukraine, which it accuse of stealing the gas enroute to the EU. It is extraordinary that NATO feels that Russia's use of oil as a 'weapon' is unethical. Or that Russia is an 'unrealisable' supplier. It is a known fact that the West has whimsically on many occasions used a variety of dubious means to use its clout (blackmail, if you will) as a 'weapon' and have renegaded on supply of goods and services. Of course, they are good on making such action very justifiable and moral. In the instant case, the EU and Us has imposed 'sanctions' on Russia and driven it up the wall. Well, the 'sanctions' is a 'weapon'. How is it not unethical? It is as unethical as Russia using oil as a 'weapon'. But conveniently, as is won't, the West's unethical actions are never said to be unethical. Every other country is the black sheep! Europe can tap the liquid natural gas market with the ability of bringing in additional supplies from Norway, North Africa and via liquefied natural gas through the numerous regasification terminals with spare capacities, but then the cost will be high and uncompetitive. And that will have a reciprocatory effect on the economy and individual citizen's budget. And that surely is not good news for Europe already reeling with the looming recession. And what is more catastrophic for Europe is that Europe cannot completely replace 150â€“160 billion cubic meters of Russian gas in the coming years. On the other hand Russia heavily depend on the oil and gas revenues for its budget and Gazprom exports 55% of its revenue from Europe. Notwithstanding, the dubious justification that Russian strategy to offset the damage by exporting to Asia will fail, it may not be so given the recently concluded deal between Chinese CNPC and Gazprom. Contrary to Western contention that Russia will be taken to be an 'unreliable' supplier to Asia, given what has happened in Europe, Russia would not be so silly as to burning the candle at both ends. It too is in a bind and it has to survive. Indeed, China is very sensitive to reliable energy supplies and their economic and national security implications, but then she also has an insatiable thirst for energy to pep up it economy as also to build up her strategic reserve which still is a long way to be accomplished. The point that Asia has many options for oil and gas in the world does not in any way prevent Asia from cashing on on Russia gas and oil too. And Asian countries are hungry for oil and gas. Where Russia is losing out is access to modern western technology as also the West using the OPEC to bring down oil prices to a real low to hurt the Russian economy hard and fast. One has to wait and seen the effect in the long run.