Posted on 10/05/2015 2:16:22 PM PDT by bananaman22
The critical natural gas transit country, Ukraine, reached a supply agreement in the last week of September with the EU’s largest fuel supply partner: Russia.
One could argue that this agreement could actually have come too late. Natural gas supply to Europe heading into winter 2015 seems more secure than ever before, a sharp contrast to the icy winters of 2006 and 2009, in which Russia cut off natural gas supply to Eastern Europe over a conflict with the Ukraine. The following factors have turned the European natural gas market from a ‘’beggars can’t be choosers” into a true “buyers’ market’’.
(Excerpt) Read more at oilprice.com ...
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