ASSESSMENTS

Russia, Algeria: A Natural Gas Cartel that Might Work

Feb 20, 2008 | 18:08 GMT

SERGEI ILNITSKY/AFP/Getty Images

Summary

Russia and Algeria are in talks about forming a natural gas cartel along the lines of the Organization of Petroleum Exporting Countries (OPEC), setting prices for supplies to Europe. This could be Moscow's best chance to block Europe from breaking out of its energy dependence on Russia.

Russia and Algeria are discussing the formation of a natural gas cartel. Such a move could have serious implications for Europe....

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