by Spider » Sun Feb 22, 2015 12:17 pm
Russia needs to sell it more than Europe needs to buy it. If Russia closes the valves, they accelerate a death spiral. Europe on the other hand has to eat a nasty price increase. Plus it just erodes Russian market share as everyone rushes to develop alternative sourcing, such as Lithuania and their new LNG import terminals. Russia doesn't want to accelerate the growth of alternatives to a gigantic export. Unless they go nuts completely.
Eastern Europe is where the real vulnerability lies.
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