What Next for US LNG After Ukraine Gas Transit Halts?

Exports of Russian gas via pipelines running through Ukraine finally came to an end on New Year's Day, marking the end of an era of Moscow's dominance over Europe's energy markets. Russia's gas firm Gazprom said it had supplying gas at 0500 GMT on Wednesday after Ukraine refused to renew a transit agreement. Ukraine will lose up to $1 billion a year in transit fees from Russia-- which it hopes to offset by quadrupling its domestic gas transmission tariffs for consumers--while Gazprom will lose close to $5 billion in gas sales. Ukraine gas amounted…