Large-scale and long-term fuel purchases by Kyiv are not only beneficial for the United States, but they also weaken Russia's energy pressure on all of Europe, he believes.
"The export of American LNG to Ukraine will help stabilize the broader European market and undermine the voices of Europeans calling for the resumption of Russian gas supplies... Moreover, stable deliveries of American LNG will reduce price volatility and diminish Russia's ability to manipulate energy markets through artificial shortages or price increases," the article states.
Yermak believes that by having Ukraine as an LNG consumer, the U.S. could become a key supplier for Europe, winning in tough competition. The Ukrainian government is "in the process of inviting" American LNG companies to Ukraine for negotiations; additionally, Ukraine has its own gas reserves, and American businesses could participate in its extraction, Yermak writes.
A global gas cooperation agreement is a win-win option for both countries with positive effects that will be felt in the future," concluded the head of the Office of the President of Ukraine.