Russia's plans to build a natural gas pipeline that bypasses Ukraine to the south is in doubt as the standoff between Russia and Ukraine continues to escalate.
It's not just dependency on Russian natural gas that poses problems for Ukraine, it's also Russia's virtual monopoly on the fuel for Ukraine's nuclear reactors.
Secretary of State John Kerry reaffirmed support Wednesday for a more diverse European energy supply as a response to Russia over the Ukraine crisis. Some have called for the US to wield its own 'energy weapon,' but the Obama administration has focused more on European solutions.
Should EU and US sanctions hit Russian energy exports, Kazakhstan will suffer collateral damage via their participation in a regional oil pipeline consortium, according to Oil & Energy Insider.