Home > News > World
Saturday March 8, 2014 MYT 10:50:02 PM
Saturday March 8, 2014 MYT 10:51:09 PM
BERLIN (Reuters) - European Energy Commissioner Guenther Oettinger does not expect Russia to switch off gas supplies to Europe over the Ukraine crisis, he told German magazine Wirtschaftswoche in an interview published on Saturday.
"I don't believe it would be in Russia's interests," Oettinger was quoted as saying.
Russian gas export giant Gazprom issued a thinly veiled warning on Friday that it could stop shipping gas to Ukraine over unpaid bills. Ukraine is a major gas transit nation for supplies from Russia to the European Union, which relies on Russia for about a quarter of its gas.
But Oettinger said a cut-off would not be beneficial for the company: "Gazprom has an interest in its daily sales revenues so that investment is worthwhile and turnover is generated."
Oettinger said if no more gas flowed through Ukraine, it would affect 14 percent of European gas consumption.
In early 2009 Gazprom cut off gas to Ukraine over unpaid bills, leading to reductions in European supplies during a cold winter.
But Oettinger said Europe was better placed to deal with such a scenario given that the winter had been mild, gas storage sites were fuller than a year ago and European Union countries were now obliged to ensure they had 30 days' worth of supplies.
"We're in a better position than we were five years ago," he said.
(Reporting by Michelle Martin; Editing by Dale Hudson)
Poland resumes gas supplies to Ukraine
Ukraine plans to draw on 17.5 bcm gas stocks by November - agency
Poland says Gazprom to restore contracted gas flows to it on Friday
Slovak importer says gas shipments from Russia down about 10 percent on Wednesday
Russia faces new U.S., EU sanctions over Ukraine crisis
52% of global wildlife ‘gone’ in past 40 years: WWF
Israel's Netanyahu to Obama: Don't allow Iran deal that leaves it at nuclear threshold
Kenyatta trial must probe witness tampering says activist
China tells foreign countries not to meddle in Hong Kong
Modi to wield broom in nationwide 'Clean India' campaign
U.N. to talk with Libyan militias as next step in peace process
Survey results of Malaysian travellers
Sri Lanka police stop online media workshop: rights groups
Basel stun sloppy Liverpool to claim another English scalp
Copyright © 1995-2014 Star Publications (M) Bhd (Co No 10894-D)