Russia turning down the gas on Europe

gas_to_eu_final_3

Russia cut natural gas shipments to Europe by 60 percent, and announced plans to eventually cut off shipments through Ukraine altogether.

The Urkainian route will be replaced with a new pipeline through Turkey, which will take a couple of years to build.  The European Union will need to build its own infrastructure to take the gas from the Greek border to the rest of Europe.

If the Europeans don’t get their new pipelines built in time, Russia will send its gas elsewhere, the head of Gazprom said.  Russia is working on gas deals not only with China, but with India.

Vladimir Putin is not a helpless victim of economic sanctions and falling oil prices.  He is willing and able to use Russia’s economic power to damage Ukraine and the European nations.

Nobody benefits from this cycle of tit-for-tat retaliation.  It’s an economic form of mutually assured destruction.

Russia Fires Ukraine as Natural Gas Transit for Europe by Michael Collins for Op-Ed News [added 1/16/2015]

Russia Just Made a Bold Move to Keep Its Gas Leverage on Europe by Elena Holodny for Business Insider.

Russia to cut EU gas transit through Ukraine by Peter Tepper for EU Observer.

Russia to Shift Ukraine Gas Transit to Turkey as Europe Cries Foul by Bloomberg News.

20140304_natgas

 

Tags: , , , , , ,

4 Responses to “Russia turning down the gas on Europe”

  1. prayerwarriorpsychicnot Says:

    To strengthen the argument that Turkey should be included in the EU?

    Like

  2. prayerwarriorpsychicnot Says:

    Reblogged this on Citizens, not serfs.

    Like

    • philebersole Says:

      Obviously Russia doesn’t want Turkey in the European Union, but maybe the fact that Turkey has options will make the EU stop treating Turkey as an unwanted stepchild.

      I don’t think Turkey would join Putin’s Eurasian Union, but the Turkish government may well took to closer economic relations with Russia as well as Iran and the Central Asian nations.

      I don’t know much about Turkish politics and policy, but that’s how I would think if I were in charge in Ankara.

      Liked by 1 person

      • prayerwarriorpsychicnot Says:

        Yes, that’s interesting. And putting the pipeline through Turkey increases both Turkey and Russia’s leverage on Europe. There are several problems with Turkey from Europe’s perspective – European countries are very politically stable. They change gradually. Turkey in common with most Middle Eastern countries can swing to an opposite extreme overnight, and back again. Now that I now live in that country called EU, that is an experiment I don’t wish to be a part of.

        Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.


%d bloggers like this: