Ukraine relies on Russia for 70% of its natural-gas supply. Ukraine also is a key transit country for Russian gas headed to more than a dozen other European nations. Six European nations rely on Russia for 100% of their gas, while seven others get at least half their gas from Russia. Europes dependence limits the immediate options if the Kremlin cuts off natural-gas shipments to Ukraine. The energy-related discussions by Western officials are at an early stage, and none of the scenarios is likely to have an immediate effect on the crisis. In reality, there is very little in the short- to medium-term you can do, said Edward Chow, a senior fellow at the Center for Strategic and International Studies and a former Chevron Corp. CVX -0.16% executive.
Posted on: Mon, 10 Mar 2014 17:02:56 +0000
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