October 22nd, 2014
Negotiations between Russia, Ukraine, and the European Union regarding Russia’s supply of natural gas to Ukraine collapsed again Tuesday.
Despite another stalemate in the discussions, the three parties will resume talks next week. Until then, the gas taps in Ukraine will remain closed.
Money Morning‘s Global Energy Strategist Dr. Kent Moors joined CCTV again last night and detailed the enormous impact these failed negotiations are having on both countries.
Here’s who has the most to lose if a deal isn’t reached soon…
October 18th, 2014
The world’s leading liquefied national gas (LNG) exporter is the tiny Arab kingdom of Qatar, whose 77 million tons per year (mtpy) account for 30% of global LNG exports.
When the U.S. begins exporting massive quantities of LNG in 2015, it will immediately be catapulted into a position as one of the world’s largest exporters as well.
But the U.S. won’t be No. 2. In fact, the current second largest LNG exporter is poised to take over the No. 1 spot this decade.
It happens to be a country on the other side of the world from the Middle East. And it’s about to leave Qatar (and the U.S.) in the dust.
Unless its domestic customers go bankrupt first…