Hands of Ukraine’s energy czar ‘Can start tomorrow!’ says the UK’s ‘simple’ answer to the EU gas dilemma.
THE CEO of Ukraine’s Nafotgaz gas company has given the United Kingdom a way out of the crisis that has engulfed Europe as a result of Vladimir Putin’s squeezing of natural resources.
The Russian President is alleged to have slowed the flow of gas transiting into Europe in order to avoid the disputed Nord Stream 2 pipeline being subjected to EU law. Europe is now in a crisis, as fewer gas shipments through existing pipelines have decreased European gas supplies while also raising prices. Because it is an integrated market, this affects both the UK and Europe, and Britain also purchases part of Russia’s pipeline gas from the Netherlands.
However, Naftogaz’s CEO, Yuriy Vitrenko, told This website that there is a solution to stop the rising gas costs, which hit record highs this summer.
“There is a pretty simple solution to prevent the issue,” he remarked.
Mr Vitrenko claimed that sanctions might induce Gazprom to return more gas through Ukraine.
“Should Gazprom realize that there is no way they can have Nord Stream 2 approved this year, for example, because of sanctions, they may start transferring as much gas through Ukraine as they did last year, starting tomorrow,” he stated.
A Russian ship and two firms involved in the Nord Stream 2 gas pipeline have been sanctioned by US President Joe Biden.
However, as the pipeline neared completion, the US stated that it would no longer impose sanctions on Russia over Nord Stream 2.
This decision has left Mr Vitrenko “perplexed.”
“We have a clear opinion that the US Government has to reimpose sanctions on this Nord Stream, but we do believe that it’s better late than never, and it will send a message to Putin that the West will not accept this kind of arrangement,” he continued.
“We believe sanctions are the best option.”
But, since Mr. Biden is unlikely to lend a hand to Europe, Mr. Vitrenko proposed an alternative strategy that could benefit the United Kingdom.
“Another alternative is for UK businesses like Shell, for example, to buy additional Russian gas on the Ukrainian-Russian border, which Shell may then transit to the European market or to the UK,” he said.