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originally posted by: funkadeliaaaa
Op is an @sshole
Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was "completely unacceptable," but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, "the decision has been made."
This made me think the russians has just cut it off in the past few hours. Thankfully that didnt and the op is a complete douchebag for making us beleive it had.
REUTERS/Ueslei Marcelino UPDATE 1/15 7:30 EST: Russia has reportedly struck a deal with Turkey for a new pipleine in a move to regain leverage on Europe.
Oil isn't Russia's only problem.
The energy exporter is losing its dominance over the European gas market.
Two factors used to keep Russia as the major gas powerhouse: European policies and cold winters.
But both of those things have changed — and Russia is starting to explore non-Western countries.
Europe Is Making Bold Moves
Back in 2009 the European Union passed the Third Energy Package, which said Russia could not both own and control pipelines on the EU territory. (Russia filed a lawsuit with the World Trade Organization against the EU over this in April, after the first rounds of Western sanctions.)
Additionally, the EU has been putting taxpayers' money into new inter-connectors, so if Russia decides to cut off supplies, the affected countries can still get gas from somewhere else, according to The Economist.
This is a major move because in the past Russia punished countries by cutting off gas.
Ukraine's gas was shut off for six months in 2014, as well as at times in 2006 and in 2009, and Latvia and Lithuania were punished by Moscow " for their alleged mistreatment of Russian minorities or for awarding refinery or construction contracts to European rather than Russian companies."
T he Economist also cites the following changes in Europe :
•Lithuania started importing liquefied natural gas from Norway.
•Ukraine is importing more gas from the West.
•The EU has brokered a deal on debts and prices between Ukraine and Russia, which will keep gas going to Ukraine at least for the first quarter of 2015.
To cap things off, in December lack of funds forced Russia to cancel the South Stream pipeline to supply gas to Europe without crossing Ukraine.
originally posted by: elementalgrove
Man oh man things are picking up quickly in 2015!
It was clear that Russia was going to do this, to be honest I am surprised that it has taken this long.
I wonder what the next chess piece to be moved shall be!
And to think they just had old Soros over for a visit in the Ukraine!
originally posted by: Xcathdra
a reply to: BornAgainAlien
Where do you get your fairy tales from?
The American military and diplomatic 'pivot,' or 'rebalance' toward Asia became a popular buzzword after Hillary Clinton authored America's Pacific Century, in Foreign Policy. Clinton's article emphasizes the importance of the Asia-Pacific, noting that nearly half of the world's population resides there, making its development vital to American economic and strategic interests
The 2006 U.S. National Security Strategy states that China has 'the greatest potential of any nation to militarily compete with the US and field disruptive military technologies that over time offset traditional US advantages
originally posted by: s3cz0ne
a reply to: BornAgainAlien
With the Russian economy in free fall how does this help Putin right now? The Ruble has all but collapsed and they must not have much in the way of hard currency reserves as they have ordered there major corporations to convert foreign currency holdings to the Ruble. How are the Asian pipelines to be financed? Through the massive currency swap and energy deals with China. I understand that long term Russia may be able to completely exit the EU energy market and thus the petrodollar but given current economic realities how does effectively cutting off a major revenue source help them. Wouldn't they be better off to keep earning current EU energy revenues to avoid further economic instability and domestic pressure on the Putin government? I'll ask again what is the end game? Putin is not stupid. He is very calculated and I doubt this him lashing out in desperation. There has to be some wort of play taking place but it isnt entirely clear what that play may be...
originally posted by: BornAgainAlien
Russia Cuts Off Ukraine Gas Supply To 6 European Countries
Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these "transit risks for European consumers in the territory of Ukraine," Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis "within hours." Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was "completely unacceptable," but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, "the decision has been made."
Remember what is in the American war resolutions from December ?
Russia is forbidden to disrupt energy supplies or it could face consequences.
And Russia “withholds significant natural gas supplies from countries such as Ukraine, Georgia, or Moldova” and NATO members.
Time to make some popcorn and see who will be more pissed, the elite or the civilians.
originally posted by: romilo
I thinks EU should drop the sanctions and start working with Russia and distance them selfs from US, at least outside the whips reach. That way war would be pushed further away, perhaps it would give enough time to balance things worldwide so war would become less popular option. We already have enough resources to go for every nations needs if we just learn to share it and build each other up instead trying to stick with the old corrupted systems that only "work" with extreme greediness. Maybe that would give US citizens time to make some needed changes in their leaders, politics etc too.
originally posted by: maddy21
Thing is, you can't replace the supplier overnight , it takes a couple of months to build the infrastructure necessary to import gas supplies from U.S or any other energy supplying nation.