Russia Vows to Deliver Contracted Gas to Europe despite Belarus

Business » ENERGY | June 23, 2010, Wednesday // 08:14
Russia Vows to Deliver Contracted Gas to Europe despite Belarus: Russia Vows to Deliver Contracted Gas to Europe despite Belarus Russian Energy Minister, Sergey Shmatko, believes the gas problem with Belarus is temporary and will be settled very soon. Photo by BGNES

The Russian monopoly Gazprom is checking options to compensate for the reduced gas supply to Europe coming via Belarus.

The statement was made by the Russian Energy Minister, Sergey Shmatko, in the aftermath of the order of the Belarus President, Alexandr Lukashenko, to halt transit of Russian gas through Belarus over unpaid debt of Gazprom.

The Russian new agency ITAR-TASS cites Shmatko saying during a meting with the European Parliament President, Jerzy Buzek, that the Russian energy giant is researching ways to guarantee delivery of all necessary gas volume to Europe, according to contracts. Some of the solutions include using the European spot market and increasing the transit via the Ukraine.

Shmatko had vowed that all deliveries to Europe will be fulfilled 100%, voicing confidence the gas problem with Belarus is temporary and will be settled very soon.

Russia learned a lot from the gas crisis with the Ukraine in January 2009,” Shmatko said.

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Tags: Sergey Shmatko, Russia, Gazprom, Lukashenko, Sergey Lavrov, transit of Russian gas
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