The Kremlin, and Russian gas giant Gazprom, must be watching events in Ukraine with a bit of concern.
Not only is Kyiv calmly defying Russia’s bullying, steadily moving closer to breaking free of its eastwards geopolitical pull by looking to sign historic free trade and association agreements with the EU in late November, but it is also pushing two new energy deals which could cut sharply the reliance on imports of Gazprom’s gas.
As the FT has reported, Ukraine’s government is weeks away from signing a shale gas production-sharing agreement with Chevron of the US, and bringing in Italy’s Eni and France’s EDF as partners for a Black Sea hydrocarbon exploration project.
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