Gazprom gas through Ukraine to drop

"Russian gas transit via Ukraine to go down to 10-15bln cubic meters per year — Gazprom CEO"

http://tass.com/economy/997616

 

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No! It cannot be!

I especially liked this part: "We are not saying we will stop entire transit via Ukraine, since there are neighboring countries that border Ukraine on the side of Europe. Naturally, supplies to these European countries will continue via Ukraine."

It's harsh but Kiev earned it.

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Natural consequences of Maidan part I and II. It's pitty no one told in advance average ukrainian  people how Ukraine will look like 4 years after overthrowning Yanukovych and cancelling trading relations with it's biggest partner Russia which Western and Central Europe surely  cannot easily replace. They produce cheap, not very sophisticated and poorly made products - natural exporting destination for this stuff is Russia and CIS not European Union.

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While the route through Ukraine is replete with geopolitical difficulties, there could be a silver lining. That would be Nordstream II. Assuming it goes forward without direct EU intervention, that will take some of the pressure off of the Russian-Ukraine conflict. If the southern route through Greece and Itally is also completed, that will make three transit routes to Western Europe for Russian gas. Typically, when competitive routes are available, everybody wins as nno resource is isolated and unable to get to market.

We are seeing the same result, albeit centered on oil for exports from South Sudan. The sooner a route through Kenya is established the soon the original route through North Sudan will again become competitive.

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