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Russian Gas Beckons for Germany as Merkel Turns From Nuclear

Chancellor Angela Merkel’s shift away from nuclear power is set to make Germany more reliant on Russian gas and Merkel more dependent on her predecessor, Gerhard Schroeder.

Merkel’s pledge to speed the exit from atomic power after the crisis in Japan is helping push natural-gas prices higher as Germany scrambles to identify energy alternatives. Gas supplied by OAO Gazprom may be the easiest way for her to meet Germany’s climate goals and keep Europe’s largest economy running.