Rosneft Plans Gas Exports to Europe

[Marina Schwarz + 1,576]

Rosneft says it plans to start exporting gas to Europe, which for me is yet another proof that the market trumps everything else. Russian gas is cheap and despite sanctions and everything the price consideration will remain the top one. The EU is making a lot of noise about Nord Stream and Russia in general but if they were serious about shunning Russian gas, they would have gotten TAP going already.

[LAOIL + 33]

agree. the market always wins, but there's plenty of politics, too--just happens that the market is in favor of this Russian gas politics. EU has to pretend it's protesting. 

[Seleskya + 50]

The EU, my 'mother Union', likes to make a lot of noise and that's about it.