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Russia, Serbia: Gazprom, NIS, and Gas Prices

Categories: Eastern & Central Europe, Latin America, North America, Western Europe, Estonia, Norway, Russia, Serbia, U.S.A., Venezuela, Economics & Business, Environment, Governance, International Relations, Politics

Streetwise Professor posts an update [1] on Gazprom's “vaporware” in Serbia, which includes a recent resignation of the “anti-Gazprom” Serbian economics minister, Mladan Dinkic (more on that – at Robert Amsterdam's blog [2]). Meanwhile, gas costs $5.80 per gallon [3] in Serbia, according to Bill's Blog: “To put the $5.80 into perspective, the average gas price in the USA this week is around $1.60. It is about average for Europe with Norway $7.76 being the high and Estonia being the low $4.30. I sure miss the 12 cents / gallon of Venezuela.”