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The European Gas Game Is About To Change

A consolidation phase in former Soviet Union nations could provide an opportunity for both Russia and European gas buyers are big contracts are about to be closed. In terms of oil and gas, post-Soviet nations are currently undergoing a consolidation phase that slowly brings back former partners that have fallen out in 2014-2016. Prices of both oil and gas have bounced back to such a level that satisfies the producer – an important feat in countries where hydrocarbon export revenues feed the economy – and new deals are being forged as a consequence. One of such is Gazprom renewing its purchases of Turkmen gas after a more than three-year hiatus, replete with frustrated hopes and mutual grievances. Moscow and Ashgabat have moved to leave past grievances aside yet the now emerging gas alliance is much more a marriage of convenience than of profound love.

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Posted by fairplay

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