Gazprom to lose from Crimean crisis – Fitch

March 17, 2014

Fitch said that while European countries might cut Russian gas purchases because of the crisis, Gazprom would have to cut its gas exports in the worst-case scenario. Fitch estimated that Gazprom accounted for some 30% of EU gas imports last year. If the EU stands its ground on Crimea, Gazprom’s share is likely to fall, especially if the US begins gas deliveries to the EU.

Copyright: ProNedra, 2014