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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鶹ýӳs 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鶹ýӳs South Stream gas pipeline project.

鶹ýӳThe 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,鶹ýӳ 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.

鶹ýӳThey 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,鶹ýӳ the Gazprom head said.

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

The decision makes no economic sense, Maros Sefcovic, the European Commission鶹ýӳs 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 鶹ýӳvery surprised鶹ýӳ by Miller鶹ýӳs comment, adding that relying on a Turkish route, without Ukraine, won鶹ýӳt fit with the EU鶹ýӳs gas system.

Gazprom plans to deliver the fuel to Turkey鶹ýӳs border with Greece and 鶹ýӳit鶹ýӳs up to the EU to decide what to do鶹ýӳ with it further, according to Sefcovic.

鶹ýӳWe don鶹ýӳt work like this,鶹ýӳ he said. 鶹ýӳThe trading system and trading habits - how we do it today - are different.鶹ýӳ


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