Gazprom, which supplied about a quarter of Europe’s gas, has proposed to buy any available volume of natural gas in Libya. A cooperation agreement signed in 2006 between Gazprom and Algeria had led to fears that Europe’s second major supplier would work like the OPEC group of oil exporters. Gazprom also stated that it was planning a joint refining venture with the National oil Corporation of Libya, and accepted Libya’s offer to build pipelines to Europe from Libya1.

• 1. “Gazprom Offers to Buy All of Libya’s Gas,” The New York Times, July 10, 2008, at http://www.nytimes.com/2008/07/10/business/worldbusiness/10gazprom.html?......