Could Ukrainian Radicals Turn off Gas Flow to Europe - #EuroMaidan

Could Ukrainian Radicals Turn off Gas Flow to Europe:



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For many years, Gazprom executives were talking about the elimination of gas transit through Ukraine. Their dreams may turn into reality any day now. This is too early, as there are no pipelines to replace the Ukrainian ones yet.
 



Crimean conflict has increased the risk of interruption of transit flows of Russian gas through Ukraine to Europe. Ukrainian radicals may be tempted to punish Vladimir Putin by breaking into regional offices of Ukrtransgaz and turning off the taps.
 



Last year, about 55 percent of European gas exports of Russia were shipped through Ukraine. In case of emergency, Gazprom and the EU can quickly reduce the Ukrainian share to one-third by fully loading the Nord Stream pipeline. However, without Ukrainian transit, Russian gas export monopolist would be able to fulfill just about two-thirds of its contractual obligations."



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