Gazprom warns Ukraine spat may divert gas supplies away from Europe

Gazprom (OGZPY) warns its European customers that they may start to feel the impact of the gas disagreement between Russia and Ukraine "in several months."

"Ukraine isn't pumping enough gas into its underground storage, and the problem may become acute in the coming months," CEO Alexei Miller says, adding that if Ukraine fails to refill its storage facilities, "we may hear about it taking the gas destined for Europe illegally."

Gazprom also says the South Stream pipeline it is preparing to build across the Black Sea would make Ukraine largely redundant as a transit route for natural gas to European customers.

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Comments (4)
  • Puma69
    , contributor
    Comments (160) | Send Message
    Very poor timing to sign the contract with Europe at this time.
    27 Jun 2014, 02:35 PM Reply Like
  • Sakelaris
    , contributor
    Comments (2708) | Send Message
    And it is especially poor timing for the Ukraine government to have also been killing Russian-speaking civilians in the Donetsk and Luhansk areas.
    28 Jun 2014, 04:22 PM Reply Like
  • Patriot==
    , contributor
    Comment (1) | Send Message
    Divide and conquer - Russia's strategy in keeping Ukraine down and under
    29 Jun 2014, 11:44 AM Reply Like
  • Sakelaris
    , contributor
    Comments (2708) | Send Message
    Well, "Patriot," maybe you enjoy all those Ukrainian neo-Nazi thugs, but I hope most Americans will come to see that our media and some politicians are trying to sell us a very questionable new cold war.
    29 Jun 2014, 02:26 PM Reply Like
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