2709
Europe Faces Transit Risks to Gas Supplies
Energy

Europe Faces Transit Risks to Gas Supplies

Russian President Vladimir Putin cautioned that gas supplies to European countries could be compromised unless Ukraine resolves a gas dispute with Moscow.
"If we see that our Ukrainian partners-as in 2008- start siphoning off our gas from the export pipeline system in an unauthorized manner then we will also - like in 2008- be gradually reducing supplies by the amount that has been stolen," Vladimir Putin told reporters on a visit to Belgrade, DW reported.
The Russian president confirmed that "there will be no crises through a fault of Russian participants of energy cooperation in Europe."
Russian gas exporter Gazprom nearly doubled gas prices to Ukraine last April, a few weeks after former President and close ally of Russia, Victor Yanukovych, was ousted. The Kremlin cut off supplies this year in June after Kiev refused to pay the higher rate. Russia then expressed a fear that Ukraine may begin to siphon off gas flowing through its country into Europe this winter.
Putin called this problem a "transit risk" and said that if Ukraine would remove gas from the pipeline without permission, then Kremlin would try and recover the costs by stopping any further supply of gas through Ukraine.
Arguments over gas pricing are a common affair between Russia and Ukraine. Gazprom cut off gas to Ukraine in the winters of 2005-2006 and 2008-2009. Supplies to European customers were consequently disrupted.
European Union, Russian and Ukrainian leaders are scheduled to meet exclusively for a discussion the gas conflict on October 21 in Berlin.

Short URL : http://goo.gl/5Ai2YL

You can also read ...

Saipem Wins $850m Kuwait Refinery Deal
Italy-based Saipem, a leading oil and gas contractor, has won...
Boosting output from joint oilfields with Iraq and the oil layer of South Pars Gas Field is high on the agenda.
Oil Minister Bijan Namdar Zanganeh said attracting foreign...
JPC Making Headways in Polymer Production
Jam Petrochemical Company in southern Iran has succeeded in...
New petrochemical ventures require over $70 billion in investments.
Opening economic gateways to foreign investment is the only...
Aramco’s value can drop to as low as $375 billion.
The impending initial public offering of shares in Saudi...
Turkish Stream Pipeline Underway
The Turkish Stream gas pipeline project will be implemented on...

Trending

Googleplus