Russia is increasing the political pressure on Ukraine's transitional government by raising the price of natural gas by 80 percent. That's a disaster for Kiev, which is heavily dependent on Russian energy supplies.
Hungary says it wants to diversify the sources of its gas, with Polish and Croatian terminals potentially supplying US and Qatari gas. But its main focus remains Russia, as the Turkstream pipeline makes clear.
The Russian-Ukrainian Friendship Treaty has been highly controversial on both sides in the past. Now, Kyiv has apparently had its patience tested for too long. The agreement, which expires in 2019, will not be extended.
A new energy architecture is being forged in the heat of Central Europe's complex geopolitics. Its success will depend on Russo-US relations as much as commercial sense, as the Krk gas terminal in Croatia illustrates.
The recent Ukraine-Russia flare-up adds potency to US claims its gas is a safer, cheaper bet than Gazprom's. But as the Kremlin adjusts to meet new gas demands, the US gas revolution could be far from plain sailing.
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