By Nolan Theisen. Photo: Flickr|Bilfinger SE, licensed by CC BY-ND 2.0.After years of mostly unrivaled gas market dominance and segmentation in Central and Eastern Europe (CEE), the energy relationship between Gazprom and the region is gradually equalizing thanks to successful market liberalization and integration in Europe. Greater diversification has exposed Gazprom to competition, forcing it to adjust its pricing mechanisms and revise its export strategy to maintain market share. Evidence of this can be found just last year, when Gazprom recorded its highest volume of exports to Europe ever. This was not because countries had no choice but to buy …read more
The beginning of the end of the EU-Russia geopolitical gas drama
