Thursday, May 8, 2014

A BIGGER PROBLEM THAN MANY REALIZE


Figure 4. Ukraine natural gas imports as a percentage of Russia's natural gas exports.
The Ukraine has been a particular problem with respect to natural gas exports for Russia, because it has used a significant share of Russia’s natural gas exports, without paying market price for them (Figure 4). In fact, some of the time, it didn’t even pay the below-market price the Ukraine had contracted for, for natural gas exports–the reason for the Ukraine’s debt to Russia.

The above is an excerpt from "Russia and the Ukraine--The Worrisome Connection to World Oil and Gas Problems."  Here's the link to the full report. http://ourfiniteworld.com/2014/05/07/russia-and-the-ukraine-the-worrisome-connection-to-world-oil-and-gas-problems/#more-3895

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