Historically Russia has relied heavily on the European market to send its natural gas exports and earn huge revenues that make up most of the government’s annual earnings. However, fed up with their reliance on Gazprom, Europe has steadily been distancing itself from Russia and searching for alternative suppliers.This reduction in market share within Europe, coupled with the falling general demand across the continent due to the lasting financial crisis, has forced Russia itself to also begin looking around for new customers.One method by…
via OilPrice.com Daily News Update http://oilprice.com/Latest-Energy-News/World-News/Russia-to-Focus-on-LNG-in-Effort-to-Reduce-Dependence-on-European-Market.html
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Prometheus Institute 