Russia and Qatar are under growing pressure from Europe’s biggest utilities to scrap a 40-year-old system that links natural-gas prices to oil after Brent crude’s 23 percent surge this year.
MillerCoors LLC, the U.S. joint venture of Molson Coors Brewing Co. and SABMiller Plc, said an internal investigation found two veteran employees embezzled millions of dollars from the brewer.
Europe’s natural gas prices would have to double to lure enough cargoes from the global market to replace Russian supplies, adding to the challenges of decreasing the region’s dependence on its neighbor.
"This is a state in complete chaos, with no money and it's talking about building exotic gas infrastructure which it basically does not need."
- Jonathan Stern on Dec 03, 2014