TortoiseEcofin Senior Portfolio Manager Rob Thummel in CNBC.com

What if Russia turns off the gas? Europe assesses its options as fears mount over Ukraine crisis

Escalating tensions between Russia, Ukraine and the West have heightened concern about the future of Russian gas flows to the European Union, with lawmakers and energy providers scrambling to prepare contingency plans.

It comes as President Joe Biden warns there is a “distinct possibility” Russia could invade Ukraine as soon as next month and as the Kremlin says there is “little ground for optimism” after the U.S. rejected its main demands to resolve the crisis.

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