Russia on Monday cut gas supplies to Ukraine as a payment deadline passed and negotiators failed to reach a deal on gas prices and unpaid bills amid continued fighting in eastern Ukraine.
Ukraine’s Naftogaz company head Andriy Kobolev said Russia had cut the supply of gas to Ukraine, but that Ukraine can manage without Russian gas until December.
There’s no reason at all we can’t fill this newly created market with American natural gas, even if it will take longer than next December to get the delivery chain up and running.
By extension and demonstration, this also creates a market opportunity to sell American natural gas throughout Europe. Even with a seaborne “pipeline,” we can deliver at a lower price than Russia can.
All we need is an administration willing to take advantage of the opportunity.