{"id":52644,"date":"2015-01-19T12:00:54","date_gmt":"2015-01-19T12:00:54","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=52644"},"modified":"2015-05-05T21:26:12","modified_gmt":"2015-05-05T20:26:12","slug":"russia-cuts-off-ukraine-gas-supply-to-6-european-countries","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2015\/01\/russia-cuts-off-ukraine-gas-supply-to-6-european-countries\/","title":{"rendered":"Russia Cuts Off Ukraine Gas Supply to 6 European Countries"},"content":{"rendered":"

14 Jan 2015 – <\/em>Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine<\/strong> amid accusations, according to The Daily Mail,<\/a> that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,”<\/em> Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis “within hours.” Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas<\/strong>. The EU raged that the sudden cut-off to some of its member countries was “completely unacceptable,” <\/a>but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey<\/strong>; and Russian Energy Minister Alexander Novak stated unequivocally, “the decision has been made.”<\/em><\/strong><\/p>\n

As Bloomberg reports<\/em>,<\/a><\/p>\n

Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey, a surprise move<\/em><\/strong> that the European Union\u2019s energy chief said would hurt its reputation as a supplier.<\/em><\/p>\n

\u00a0The decision makes no economic sense,<\/strong> Maros Sefcovic, the European Commission\u2019s vice president for energy union, told reporters today after talks with Russian government officials and the head of gas exporter, OAO Gazprom, in Moscow.<\/em><\/p>\n

\u00a0Gazprom, the world\u2019s 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,<\/strong> Chief Executive Officer Alexey Miller said during the discussions. About 40 percent of Russia\u2019s gas exports to Europe and Turkey travel through Ukraine\u2019s Soviet-era network.<\/em><\/p>\n

\u00a0…<\/em><\/p>\n

\u00a0Sefcovic said he was \u201cvery surprised\u201d by Miller\u2019s comment, adding that relying on a Turkish route, without Ukraine, won\u2019t fit with the EU\u2019s gas system.<\/strong><\/em><\/p>\n

\u00a0Gazprom plans to deliver the fuel to Turkey\u2019s border with Greece and \u201cit\u2019s up to the EU to decide what to do\u201d with it further,<\/strong> according to Sefcovic.<\/em><\/p>\n

Which, as The Daily Mail reports,<\/a> has led to a major (and imminent) problem for Europe…<\/strong><\/p>\n

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. <\/em><\/strong><\/p>\n

\u00a0This morning, gas companies in Ukraine said that Russia had completely cut off their supply.<\/em><\/p>\n

\u00a0Six 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.<\/em><\/p>\n

\u00a0Bulgaria, Greece, Macedonia, Romania, Croatia and Turkey all reported a halt in gas shipments from Russia through Ukraine.<\/span><\/strong><\/em><\/p>\n

*\u00a0 *\u00a0 *
\nAs Bloomberg goes on to note,<\/a> Gazprom has reduced deliveries via Ukraine after price and debt disputes<\/strong> with the neighboring country that twice in the past decade disrupted supplies to the EU during freezing weather.<\/p>\n

\u201cTransit risks for European consumers on the territory of Ukraine remain,\u201d<\/em><\/strong> Miller said in an e-mailed statement. \u201cThere are no other options\u201d<\/strong> except for the planned Turkish Stream link, he said.<\/em><\/p>\n

\u00a0\u201cWe 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,\u201d<\/strong> Miller said.<\/em><\/p>\n

\u00a0Russia won\u2019t hurt its image with a shift to Turkey because it has always been a reliable gas supplier and never violated its obligations, Russian Energy Minister Alexander Novak told reporters today in Moscow after meeting Sefcovic.<\/em><\/p>\n

\u00a0\u201cThe decision has been made,\u201d Novak said. \u201cWe are diversifying and eliminating the risks of unreliable countries that caused problems in past years, including for European consumers.\u201d<\/strong><\/em><\/p>\n

*\u00a0 *\u00a0 *<\/p>\n

That helps to explain today’s epic meltup in NatGas futures…<\/p>\n

\"gas<\/a><\/p>\n

*\u00a0 *\u00a0 *<\/p>\n

“They [the Russians] have reduced deliveries to 92million cubic metres per 24 hours compared to the promised 221million cubic metres without explanation,” said Valentin Zemlyansky of the Ukrainian gas company Naftogaz. <\/em><\/p>\n

\u00a0“We do not understand how we will deliver gas to Europe. This means that in a few hours problems with supplies to Europe will begin.”<\/span><\/strong><\/em><\/p>\n

*\u00a0 *\u00a0 *<\/p>\n

Check to you Europe (i.e. Washington)… Because it’s getting might cold in Europe…<\/p>\n

\"gas<\/a><\/p>\n

(and bear in mind the consequences of cold, pissed off Europeans in the past<\/strong>).<\/em><\/p>\n

Go to Original \u2013 zerohedge.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

14 Jan 2015 – The EU raged that the sudden cut-off to some of its member countries was “completely unacceptable,” but Gazprom later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and the Russian Energy Minister stated unequivocally, “the decision has been made.”<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"class_list":["post-52644","post","type-post","status-publish","format-standard","hentry","category-europe"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/52644","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=52644"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/52644\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=52644"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=52644"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=52644"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}