The document discusses issues surrounding Europe's energy strategy and its relationship with Russia regarding natural gas supplies. It argues that Europe's hopes for diversifying its gas supplies through pipelines like Nabucco and LNG imports are unrealistic. Within the next 15-20 years, demand for gas may rise again while supplies from many hoped-for sources may fail to materialize or be unreliable. Russia is pursuing strategies to redirect its oil and gas exports eastward to China and other Asian markets in response to Europe's diversification efforts. The EU may face energy difficulties without reliable gas from Russia.