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 Gazprom to stop gas transit to EU through Ukraine

газ газпром евросоюз

Head of Gazprom Alexey Miller announced a new strategy for the company, which has to be adopted due to the new energy policy of the European Union. The transit of Russian gas to Europe via Ukraine will be stopped.

He stated this after a meeting with Vice President of the Commission for the Energy Union Maroš Šefčovič, Censor.NET reports citing RG.ru.

Currently the Ukrainian gas transportation system is the main channel for Russian gas supplies to its main customer - the European Union, with 63 billion cubic meters per year. Gazprom has sold a total of 161.5 billion cubic meters to Europe in 2013. In 2014, according to preliminary estimates, the volume fell by about 10 percent. The remaining volume is supplied by pipelines running through Belarus, Turkey and the Nord Stream (under the Baltic Sea to Germany).

Read also: Putin Announces Scrapping of South Stream Pipeline: "Russia Cannot Continue in These Conditions"

In the coming years Europe plans to create Energy Union and act as a single buyer in the global gas market. Alexey Miller says that Gazprom will adapt to this policy while noting the South Stream project has been shut down permanently and if Europe wants to buy Russian gas, it will have to build its own pipeline to Turkey, where the new Russian pipeline will be laid instead of South Stream.

"The Turkish Stream pipeline is the only route to deliver 63 billion cubic meters of Russian gas currently transited through Ukraine. There are no other options. Our European partners have been informed about it and their task now is to create the necessary infrastructure from the border between Turkey and Greece," the head of Gazprom stated.


 
 
 
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