Russian state-owned vitality big Gazprom ought to honor its current, controversial, preparations with Ukraine as a substitute of absolutely switching to the extra environment friendly Nord Stream pipelines, President Vladimir Putin directed on Wednesday.
Putin defined that even when paying EU-imposed penalties was extra worthwhile, he most popular to see the continuation of contracts with Kiev. The Russian President’s feedback got here as fuel costs reached unprecedented ranges throughout Europe.
“Gazprom believes it would benefit more from paying a fine to Ukraine and enhancing gas transit through new systems,” he advised Energy Minister Nikolay Shulginov, from his residence at Novo-Ogaryov, outdoors Moscow, including that he’s asking the vitality big to not pursue that course.
As the development of the Nord Stream 2 fuel pipeline is almost completed, the Saint Petersburg-based firm believes that it could be way more worthwhile to ship fuel to Europe via the brand new pipeline system instantly from Russia to Germany below the Baltic Sea relatively than utilizing previous transit route through Ukraine, Putin mentioned.
The president added that he’s conscious that, based on Gazprom’s calculations, it could scale back CO2 emissions from fuel transit and could be round $three billion cheaper per 12 months. However, Putin believes that honoring long-term commitments is extra essential than fast monetary acquire.
One mustn’t put anybody in a predicament, together with Ukraine, regardless of all the problems linked to Russian-Ukrainian relations in the mean time.
The president additionally famous that Gazprom’s status as an “absolutely reliable partner in all respects” shouldn’t be tarnished. Putin requested Shulginov to personally be sure that commitments below the fuel transit contract with Ukraine are revered.
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