‘Russia Gas’ versus ‘Qatari Gas’
Increasingly today, natural gas has become one of the most important commodities in determining regional power. The European Union currently imports 50% of its energy and with an increased dependence on natural gas, the EU has fallen victim during various periods with the suspension of the natural gas supplies from Russia. A major gas pipeline project has since been planned to counter this trend, and the pipeline will originate in Qatar via Saudi Arabia and Syria.
This little known fact is one major reason why Russia is taking the current situation in Syria very seriously – because the outcome will affect its own geopolitical standing within greater Europe.
Qatar is a country with rich natural gas reserves that can ensure source diversity in natural gas supply for the EU – the later has been seeking to reduce its dependence on Russia. Streamlining Syria and Turkey as the final mile to Europe is of paramount interest to the US and its NATO allies. It is a major piece of a larger puzzle of economic and political consolidation.
Also of great interest to the international banks, corporations and the IMF, will be all of Syria’s state-owned assets and resources.