With the US set to export LNG supplies to Europe, the eyes of many energy security pundits are on Russia’s state-owned gas company Gazprom and how it will respond. A recent report by the Oxford Institute for Energy Studies alluded to the possibility of Gazprom waging a price war similar to how Saudi Arabia is trying to muscle high-cost oil producers out of the market. But such a strategy is inherently risky and the results are not guaranteed. What is more, given the shaky state of Russia’s finances at the moment, it is questionable whether the Russian state is able to afford such a strategy in the long run says Sijbren de Jong to Polish news website Biznes Alert.
The full article (in Polish) can be read here.
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