I've got to heat my house- you tell the bear to put it back.
Only some EU countries have built up storage reserves since the last Gazprom/Russian supply threat against the Ukraine; some EU countries like Bulgaria, Slovakia, have none. At least it’s coming to the end of the cold season; but heavy industry still depends on those gas supplies.On the other hand, Russia needs the revenue.
Back in the day, when sanctions were being discussed against apartheid South Africa, I recall some of the media saying that SA could blackmail the world by producing gold bottle caps, or completely with-holding all gold production and ruin the world’s economy. Nah, it couldn’t and more importantly, it wouldn’t.
Bit of a sticky wicket, eh Guvna?
Business is talking…
‘Why Gazprom wants no new gas war’ – Reuters
"As bankers, traders and investors gathered at Gazprom’s London offices for its annual champagne reception, the message from the world’s most powerful gas trader was clear: the Russians don’t want another gas war with Ukraine. The company, the Moscow bourse’s biggest, lost over a tenth of its value on Monday as forces loyal to Russian President Vladimir Putin tightened their grip on Ukraine’s Crimea region, rejecting the authority of a new pro-Western government in Kiev. Gazprom, once the world’s third most valuable stock, was now worth $84 billion, five times less than during the oil boom of 2008.“
of note ArcelorMittal has built biggest steel plant in europe in russia occupied ukraine and chevron has discover giant shale oil there too
April 12, 2017
August 08, 2017
August 01, 2017
September 22, 2017