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Putin Sees European Gas Crisis as Russia’s Golden Chance

From yahoo.com

Fresh from crowing over Europe’s gas crisis, Russian President Vladimir Putin now sees a chance to capitalize on it. Putin wants to press the European Union to rewrite some of the rules of its gas market after years of ignoring Moscow’s concerns, to tilt them away from spot-pricing toward long-term contracts favored by Russia’s state run Gazprom, according to two people with knowledge of the matter. Russia’s also seeking rapid certification of the controversial Nord Stream 2 pipeline to Germany to boost gas deliveries, they said. Russia is prepared to supply as much gas as Europe needs and is ready for dialog with ... (full story)

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  • Category: Fundamental Analysis