European gas hubs stand to benefit from crisis in Ukraine

Crisis thought likely to accelerate shift towards hub-based pricing

Gas pipeline

The weekend of February 22–23 saw dramatic scenes in Kiev, as protesters stormed Ukraine's parliament building and opposition politicians voted to oust the country's unpopular pro-Russian president, Viktor Yanukovych.

The tumult, which effectively overturned a compromise agreement aimed at halting the unrest, has triggered a series of developments that will prove crucial to the country's future. Those developments – including Russia's annexation of Crimea and the imposition of targeted sanctions