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15th January 2015, 12:22
#1
Russia to STOP Gas Transit Via Ukraine - Latest
the Eu is in for a it would appear.
Russia is to stop gas transit to Eu via ukraine and shift it to Turkey - for the Eu members who want it. A surprise move move that the European Union’s energy chief said would hurt its reputation as a supplier.
" The decision makes no economic sense, Maros Sefcovic, the European Commission’s vice president for energy union, told reporters today after talks with Russian government officials and the head of gas exporter, OAO Gazprom (GAZP), in Moscow. "
Gazprom plans to deliver the fuel to Turkey’s border with Greece and “it’s up to the EU to decide what to do” with it further, according to Sefcovic: “We don’t work like this,” he said. “The trading system and trading habits -- how we do it today -- are different.”
http://www.bloomberg.com/news/2015-0...ries-foul.html
It may not make any economic sense to Eu, but, as it transpires makes every sense to russia:
Mr Miller, the head of gazprom stated: “Transit risks for European consumers on the territory of Ukraine remain,” Miller said in an e-mailed statement. “There are no other options” except for the planned Turkish Stream link, he said.
“We have informed our European partners, and now it is up to them to put in place the necessary infrastructure starting from the Turkish-Greek border,” Miller said.
the Rus energy minister: “The decision has been made,” Novak said. “We are diversifying and eliminating the risks of unreliable countries that caused problems in past years, including for European consumers.”
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15th January 2015, 13:18
#2