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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (135430)	9/4/2017 4:26:09 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 217588

Mr Trump's new sanctions on Russian natural gas were just signed into law four weeks ago. Your "source" needs to watch and brief. - ft.com Fresh US sanctions against Russia signed into law by Mr Trump on Wednesday over alleged meddling in the US presidential election could directly target energy export pipelines that Washington fears will increase Moscow’s influence over Europe’s gas supplies. ft.com Jason Bordoff, a one-time adviser to former US President Barack Obama who runs Columbia University’s Centre on Global Energy Policy, suggests that while LNG is normally more expensive, Gazprom will still face painful choices as supplies from rivals make their way to Europe. The Russian group has to pick between “competing on price and defending market share” or “cutting back on supply to keep prices high”, he says. If Gazprom decides to opt for the former, which Mr Bordoff thinks the evidence points to, then the Russian company will need to accept it is entering a price war that may hit its revenues even if it can keep raising sales in a region hungry for energy. When US President Donald Trump promised to raise US natural gas exports in Europe in a speech in Poland, he was cheered by the crowd to the rooftops. The US president’s overture to countries such as Poland chimes with the mood among pro-Nato politicians in central Europe, who resent Moscow’s leverage over their gas supply with their web of import pipelines. Some might happily rely more on the US for their gas, even if it means paying more. Sanctions are also complicating the battle, particularly if they hit Gazprom’s Nord Stream 2 pipeline to Germany, which is under construction. That has rattled Russian politicians who are keen to talk up their ability as a cheap supplier of gas to Europe. “The attempts to derail Nord Stream 2 are part of unfair competition practices by potential suppliers of LNG, which is more expensive compared with natural gas delivered by pipelines,” Russia’s energy minister, Alexander Novak, told the Financial Times before Mr Trump signed the sanctions. “These politically motivated economic restrictions will ultimately make the energy resources on the market more expensive.”