No one expected shale producers to survive extended low oil prices, but they have. The next act could prove even more destabilizing.
The Nord Stream 2 pipeline project is in danger of being derailed.
With Nord Stream 2 Russia’s President Vladimir Putin is nearing his goal of cutting Ukraine out of the gas supply picture.
Russia’s President has used Europe’s dependence on Russian gas as a powerful geopolitical lever. But energy geopolitics is a risky game, especially with Brussels now poised to take advantage of opportunities to permanently slash Gazprom’s market share.