The uncomfortable relationship between Russia and its biggest natural gas market – Europe – has been undergoing changes as European countries contemplate developing their indigenous shale gas resources and the divergence between oil and natural gas prices that has in turn strained the long held practice of oil-linked gas pricing outside of North America.
In this video from the recent US Association for Energy Economics conference Ariel Cohen, Heritage Foundation Senior Research Fellow discusses some of the emerging regional trends that are shaping future gas flow patterns and Russia’s role as gas supplier.