Ukraine is ready to discuss suspension of its gas transit system which pumps Russian gas to Europe, Prime Minister Mykola Azarov told reporters on Saturday. \"The GTS is a system of pipes, compressors, and a huge working team which operates the system. This all brings losses, and why should we bear the losses? Maybe we should abandon it? We are not going to bear the loss,\" Azarov said following a conference on European strategy. The system\'s capacity allows pumping 150 bcm of gas a year, but currently it pumps only 80 bcm. Azarov warned officials of the European Commission about the possible suspension and said that Europe, Ukraine and Russia should jointly decide on the future of the Ukrainian gas transit system. Moscow launched Nord Stream pipeline that bypasses Ukraine earlier this month and coursed concerns in Kiev. Nord Steam will link Russia and the European Union via the Baltic Sea. Russia began the project after a number of disputes over gas prices with Ukraine. Such rows have left parts of Europe without Russian gas supplies on two occasions since 2006.
GMT 12:08 2017 Tuesday ,19 December
Japan trade surplus drops sharply on higher oil importsGMT 15:13 2017 Thursday ,14 December
Energy costs push US consumer inflation higher as Fed meetsGMT 09:43 2017 Sunday ,26 November
Gas exporters oppose unilateral sanctionsGMT 07:32 2017 Saturday ,25 November
Moroccan Gas Wells a Real Gold Mine for British SDX EnergyGMT 15:45 2017 Thursday ,16 November
Oil prices extend losses in Asia after demand warningGMT 13:30 2017 Sunday ,05 November
Saudi Arabia’s non-oil private sector little changed in October – PMIGMT 21:50 2017 Friday ,03 November
Oil near 2-year highGMT 20:22 2017 Friday ,03 November
Oil up on market rebalancing, but analysts warn OPEC must keep supply cutsMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©