The Ukraine crisis and natural gas markets

The change of government in Kyiv, the Russian military action in Crimea and the danger of war all have implications for the economic relations between Russia, Ukraine and Europe, especially in the sphere of energy. Russia supplies 30% of Europe's natural gas, and much of it is transported via Ukraine. Together with my colleagues at the Oxford Institute for Energy Studies, I have written a comment, What the Ukraine Crisis Means For Gas Markets, published on 10 March 2014.