EU Warns Of Winter Gas Shortages After Russia Cuts Gas To Ukraine
EU Energy Commissioner Guenther Oettinger warned on Monday that the bloc may face gas shortages this winter after Russia cut supplies to Ukraine following the collapse of talks.
“The next weeks will not be a problem, we will receive our gas volumes,” Oettinger said in Vienna, cautioning that if Ukraine uses its reserves “then we would have a problem with a cold winter”.
Ukraine, like other countries, holds gas stockpiles it can tap to ensure gas continues to flow to Gazprom customers in the EU even if there are problems with supplies from Russia.
But Ukraine could, as it has during previous disputes, also tap these reserves and use the gas for its own needs, potentially threatening supplies to the EU.
The nation of 46 million people receives half its gas from Russia and transports 15 per cent of the fuel consumed in Europe.
Two months into a violent feud that has provoked the worst conflict between Russia and the West since the Cold War, Ukraine on Sunday failed to broker an 11th-hour deal on future gas supplies with state-owned Russian giant Gazprom.
Compounding Kiev’s problems as it confronts an insurgency in the east, Gazprom on Monday halted deliveries and started a new regime that requires Ukraine to pay in advance for gas supplies.
Gazprom said it had notified Europe of possible gas disruption and lodged a $4.5 billion (3.3 billion euro) lawsuit against Ukraine with an arbitration court in Stockholm.