European Energy Woes
... as found in an economic textbook, is unrealistic at best, as it requires a perfect market. We do not yet have these conditions. No special order can be successful in launching this idea, but some harmonization has occurred. As we’ve seen with Ukraine, it has a liberal economy and it has been able to use reverse flows to buy gas cheaper than from Gazprom, by not very much, but still cheaper. So, sooner or later, Gazprom will need to drop prices. As European market will develop, we may see many companies emerge that will be able to shift gas via many different routes. Simply having the same price ...