Gazprom to cut supplies to and through Ukraine

Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,” Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis “within hours.” Gazprom suggested the European Union should build its own link from an as-yet unbuilt gas hub at the Turkish-Greek border to take some 50 bcm from the new route proposed by Putin. Last year, the EU received about 147 bcm of Russian gas, or around a third of its needs, and of that 60 bcm was pumped via Ukraine. The rest was shipped via Belarus, as well as through an existing pipeline to Turkey named Blue Stream and the Nord Stream link beneath the Baltic Sea to Germany.

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The Ukrainians had previously falsely boasted this would never happen too. But it did.

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Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey. Gazprom, the world’s biggest natural gas supplier, plans to send 63 billion cubic meters through a proposed link under the Black Sea to Turkey, fully replacing shipments via Ukraine, Chief Executive Officer Alexey Miller said during the discussions. About 40 percent of Russia’s gas exports to Europe and Turkey travel through Ukraine’s Soviet-era network.

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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.  Which, as The Daily Mail reports, has led to a major (and imminent) problem for Europe… Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis ‘within hours’ as a dispute with Ukraine escalated. The gas companies in Ukraine said that Russia had completely cut off their supply. A total of Six countries reported a complete shut-off of Russian gas shipped via Ukraine today, in a sharp escalation of a struggle over energy that threatens Europe as winter sets in.  Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine. 

Russian Energy Minister Alexander Novak told reporters today in Moscow after meeting Sefcovic.  “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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Ukraine’s neighbors with gas interconnections must walk a fine line between helping the country and not incurring Russia’s wrath. In the past several months, Gazprom has cut gas deliveries to Slovakia, Poland and Hungary, ostensibly because it was building up its own storage for the winter. “Ukraine still needs the Russian gas, especially to prepare for the coming winter heating season,”

EUROPEGAS

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Putin is a good chess player..

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