Winners Of Ukraine-Russia dispute

10:44, 13 January 2009
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By version of Forbes

Algeria, Turkey and Norway are among the likely beneficiaries of the gas dispute.

As Gazprom reports losing $800.0 million and Baltic countries run low on fuel, since Russia cut off all Europe`s supplies of gas being piped through the Ukraine, its easy to forget that there will be some winners from the crisis. Here are a few of them.

Turkey

This country of 71.8 million inhabitants will gain leverage with the European Union, and its hopes of membership, as Europe pushes for alternatives to the Ukraine transit route for gas from the Middle East and the Caspia Sea.

Sonatrach

Algeria`s national gas company has increased its tankered exports to Turkey, while the country`s energy minister has said the company wants to increase its supplies to the Continent. However, Europe may be more reluctant for a deeper relationship here, than it is with Turkey, given human rights concerns.

Gassco and StatoilHydro

Last week, Norwegian national gas transit firm Gassco reported new daily records for exports, as Europe desperately sought alternatives, though the upside for these companies may be limited. StatoilHydro (nyse: STO - news - people ) is "already mostly producing at full capacityand selling most volumes under long-term contract," according to Rannveig Strangeland, spokeswoman for the Norwegian oil-and-gas company.

LNG Industry

Producers of liquefied natural gas such as Royal Dutch Shell (nyse: RDS - news - people ), and BP (nyse: BP - news - people ), and importers such as Netherlands-based 4Gas will see increasing demand in the search for alternatives.

Viktor Yanukovych

The former Ukrainian Prime Minister who is expected to run against Yulia Tymoshenko and Viktor Yushchenko in the 2010 presidential election, will benefit as the only pro-Russian contender. Yushchenko`s and Tymoshenko`s anti-Russian stance is losing its appeal as the country has got embroiled deeper into this controversy, particularly as Russia`s case for raising prices seems quite

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