Move Along, Moscow: Ukraine Crisis Makes Europe Question Its Dependence On Russian Gas, Turn To Mexican Energy

MEXICO CITY -- The crisis in Ukraine may create an opportunity for Mexico. Because the European Union depends on Russia for almost a quarter of the gas it needs, the instability is fueling Europe's desire to find other possible suppliers. Mexico, with an estimated 540 trillion cubic feet reserve of shale gas, can be the solution. Spanish Foreign Minister José Manuel García-Margallo, visiting Mexico City this week, said Spain could act as a bridge between Latin America and the rest of the EU.