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Friday, July 07, 2017
United States undermining Russia's natural gas monopoly
ANBOUND

While the Qatar crisis broke out, the United States began to reach out to Russia's backyard, the Eastern European gas market. Reuters reported that the United States is preparing to sell the country's abundant natural gas resources to Russia's neighboring Eastern European countries. In fact, the first step in the United States’ undermining of Russian gas company's energy monopoly has begun. For a long time, the Eastern European countries rely on Russia's winter heating power supply, but in recent years, in the midst of the disputes between Russia and the Eastern European countries, Russia has repeatedly threatened to cut off the supply and to increase the price tremendously, and Europe has become its "natural gas hostages." The move of the United States will bring huge changes to the global gas supply and demand market and even changing the political balance of Europe.

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