As Europe is sweating out yet another hot summer, energy executives and policymakers are working out how their fellow citizens will survive the next winter. The urgency of their task is underscored by the current Ukrainian gas transit contract, which will expire on January 1, 2020. Unless this state of affairs is remedied, the gas flowing through the Ukrainian Brotherhood pipeline, the single largest stream of Russian gas entering the European Union, amounting to nearly all the gas consumed by Germany annually, will stop. Since July 2018, the European Union has mediated negotiations between Russia and Ukraine without success. …read more
Source: The American Interest
