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Gazprom to EU: link to Turkey or lose Russian gas

 

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The Turkish Stream gas pipeline project is the sole route for Russia黑料社檚 future supplies of 63 billion m3 of natural gas to Europe currently delivered via Ukraine, Gazprom CEO Alexey Miller said last week.

The Gazprom head made this statement in response to a question about the fate of Russia黑料社檚 South Stream gas pipeline project.

黑料社淭he project is closed. The Turkish Stream is the sole route, which can deliver 63 billion m3 of Russian natural gas transited across Ukraine so far. There are no other options,黑料社 Miller said.

Gazprom has notified its European partners about its Turkish Stream gas pipe plans and now their task is to create the necessary gas transport infrastructure from the border of Turkey and Greece, the Gazprom head said.

黑料社淭hey have a maximum of several years for this. This is a very tight schedule. To comply with it, work for the construction of new trunk gas pipelines should be started in EU countries right now. Otherwise, these gas volumes may be redirected to other markets,黑料社 the Gazprom head said.

Russia黑料社檚 plans to shift all its natural gas flows crossing Ukraine to a route via Turkey is a surprise move that the European Union黑料社檚 energy chief said would hurt its reputation as a supplier.

The decision makes no economic sense, Maros Sefcovic, the European Commission黑料社檚 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.

Sefcovic said he was 黑料社渧ery surprised黑料社 by Miller黑料社檚 comment, adding that relying on a Turkish route, without Ukraine, won黑料社檛 fit with the EU黑料社檚 gas system.

Gazprom plans to deliver the fuel to Turkey黑料社檚 border with Greece and 黑料社渋t黑料社檚 up to the EU to decide what to do黑料社 with it further, according to Sefcovic.

黑料社淲e don黑料社檛 work like this,黑料社 he said. 黑料社淭he trading system and trading habits - how we do it today - are different.黑料社


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