Full Title: Winning the Long War in Ukraine Requires Gas Geoeconomics
Author(s): Gabriel Collins, Anna Mikulska, Steven R. Miles
Publisher(s): Rice University Center for Energy Studies
Publication Date: August 20, 2022
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Description (excerpt):
Gas geoeconomics is an essential prerequisite for victory over Russia in Ukraine and US credibility in Asia—and should be one of Washington’s top national security priorities.
Energy insecurity will, over time, corrode the economic and political foundations needed to sustain this urgent defense-industrial mobilization. Russia recognizes the seams and is intensifying its unprecedented efforts dating from early 2021 to use gas as an instrument to coerce and destabilize prime customers in Western Europe. Unless Europe adopts a proactive war footing through gas security policies, “General Time” will be on Russia’s side.
Public capital investments in gas geoeconomics by NATO member states, approximating the roughly $25 billion in military assistance pledged to Ukraine thus far, would powerfully accelerate gas supply diversification efforts and would likely unlock a substantially larger amount of private capital.