Russia Ready to Resume Gas Supplies to Europe Via Yamal-Europe Pipeline
(Reuters) — Moscow is ready to resume gas supplies to Europe through the Yamal-Europe Pipeline, Russian Deputy Prime Minister Alexander Novak told state TASS news agency.
"The European market remains relevant, as the gas shortage persists, and we have every opportunity to resume supplies," TASS cited Novak as saying in remarks published by the agency on Sunday.
"For example, the Yamal-Europe Pipeline, which was stopped for political reasons, remains unused."
The Yamal-Europe Pipeline usually flows westward but has been mostly reversed since December of 2021 as Poland turned away from buying from Russia in favor of drawing on stored gas in Germany.
In May, Warsaw terminated its agreement with Russia, after earlier rejecting Moscow's demand that it pays in rubles.
Russian supplier Gazprom responded by cutting off supply and also said it would no longer be able to export gas via Poland after Moscow imposed sanctions against the firm that owns the Polish section of the Yamal-Europe pipeline.
Novak also reiterated that Moscow is discussing additional gas supplies through Turkey after a creation of a hub there.
He also said that Moscow expects it will have shipped 21 billion cubic meters (Bcm) of LNG to Europe in 2022.
"This year we were able to significantly increase LNG supplies to Europe," Novak said. "In the 11 months of 2022 they increased to 19.4 Bcm, by the end of the year 21 Bcm are expected."
In a wide-ranging interview with the TASS agency, parts of which have been published throughout the weekend, Novak also said that Russia has agreed with Azerbaijan to increase gas supplies for its domestic consumption.
"In the future, when they increase gas production, we will be able to discuss swaps," he said.
Moscow is also discussing higher supplies of its gas to Kazakhstan and Uzbekistan, he said.
Novak also said that in the long-term, Russia can send its natural gas to the markets of Afghanistan and Pakistan, either using the infrastructure of Central Asia, or in a swap from the territory of Iran.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- ONEOK Agrees to Sell Interstate Gas Pipelines to DT Midstream for $1.2 Billion
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- GOP Lawmakers Slam New York for Blocking $500 Million Pipeline Project
- Texas Oil Company Challenges $250 Million Insurance Collateral Demand for Pipeline, Offshore Operations
Comments