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Russia Will Run Out of Gas Markets: Citigroup Head of Commodities

NATURAL GAS

Russia will run out of markets for its natural gas "pretty soon" according to Ed Morse, global head of commodities research at Citigroup in a television interview with Bloomberg.

  • "At some point Russia might want to maximize the revenue they are getting from natural gas. It would not be surprising if they turned back the flows of natural gas as we got to the end of the injection season in Europe," he said.
  • “Only a certain modest level of switching they can do” (In terms of finding new customers).
  • “Demand of new customers is limited” he added.

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