Currently, Hungary is negotiating a new long-term agreement with the Russian gas group Gazprom about large amounts of natural-gas supplies and their placement in country’s gas storage facilities. Meanwhile, the Czech Republic has started to import Russian gas from the Nord Stream-1 pipeline on the Baltic seabed via Gazela and OPAL pipelines.
Readers of The Ukrainian Times know that Gazprom controls 15% of the world’s known natural-gas reserves. The Russian group is going to be passing along
gas for a long, long time. Like a coiled spring, Gazprom stocks are cheap to start with. Not having any idea of what would happen,
some Western investors think the cheap bird in their hands is a better bet than expensive birds somewhere in the future bush.
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