US and Russia negotiate resumption of gas supplies to EU, according to Reuters
Bilateral discussions aimed at resolving the Ukraine conflict have reportedly included conversations about the possibility of resuming Russian energy exports to the European Union. According to a report by Reuters on Thursday, Moscow and Washington...
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Bilateral discussions aimed at resolving the Ukraine conflict have reportedly included conversations about the possibility of resuming Russian energy exports to the European Union.
According to a report by Reuters on Thursday, Moscow and Washington have engaged in talks regarding the restoration of Russian natural gas exports to the EU, citing eight anonymous sources. These discussions are part of broader efforts to find a resolution to the Ukraine conflict.
The flow of Russian gas to the EU has significantly declined over the past three years due to sanctions stemming from the conflict and the sabotage of the Nord Stream pipelines. Russia’s share of European gas imports has plummeted from 40% to 19%, with current supplies mainly consisting of liquefied natural gas and some transported through the TurkStream pipeline.
Sources from the news agency indicated that the discussions have included the possibility of U.S. firms acquiring stakes in the Russian energy giant Gazprom or participating in the existing pipeline infrastructure in Ukraine. Additionally, American companies could potentially bypass political opposition by purchasing gas from Russia and selling it to Europe.
European Commission President Ursula von der Leyen addressed this topic in Brussels on Thursday, calling the idea of reinstating Russian gas supplies a “mistake of historic dimensions” and emphasized that “we would never let it happen.”
Kremlin spokesman Dmitry Peskov commented on Moscow's willingness to negotiate the resumption of gas exports to Europe, stating, “We know that some countries in Europe want to continue buying it from us,” in an interview with Le Point last month.
As Western sanctions and decreasing demand from Europe continue to impact Russia, the country is actively seeking to diversify its energy export markets.
On Thursday, Russian Deputy Prime Minister Aleksandr Novak announced that Moscow and Beijing are accelerating efforts on the Power of Siberia 2 gas pipeline project, which will enable Russia to export up to 50 billion cubic meters of natural gas to China each year. “The final negotiations. . . regarding economic conditions are now underway,” he mentioned.
In addition to the Power of Siberia 2 project, Russia is exploring the construction of another pipeline through neighboring Kazakhstan, which, when combined, could supply China with up to 100 billion cubic meters of gas annually.
Sophie Wagner for TROIB News
According to a report by Reuters on Thursday, Moscow and Washington have engaged in talks regarding the restoration of Russian natural gas exports to the EU, citing eight anonymous sources. These discussions are part of broader efforts to find a resolution to the Ukraine conflict.
The flow of Russian gas to the EU has significantly declined over the past three years due to sanctions stemming from the conflict and the sabotage of the Nord Stream pipelines. Russia’s share of European gas imports has plummeted from 40% to 19%, with current supplies mainly consisting of liquefied natural gas and some transported through the TurkStream pipeline.
Sources from the news agency indicated that the discussions have included the possibility of U.S. firms acquiring stakes in the Russian energy giant Gazprom or participating in the existing pipeline infrastructure in Ukraine. Additionally, American companies could potentially bypass political opposition by purchasing gas from Russia and selling it to Europe.
European Commission President Ursula von der Leyen addressed this topic in Brussels on Thursday, calling the idea of reinstating Russian gas supplies a “mistake of historic dimensions” and emphasized that “we would never let it happen.”
Kremlin spokesman Dmitry Peskov commented on Moscow's willingness to negotiate the resumption of gas exports to Europe, stating, “We know that some countries in Europe want to continue buying it from us,” in an interview with Le Point last month.
As Western sanctions and decreasing demand from Europe continue to impact Russia, the country is actively seeking to diversify its energy export markets.
On Thursday, Russian Deputy Prime Minister Aleksandr Novak announced that Moscow and Beijing are accelerating efforts on the Power of Siberia 2 gas pipeline project, which will enable Russia to export up to 50 billion cubic meters of natural gas to China each year. “The final negotiations. . . regarding economic conditions are now underway,” he mentioned.
In addition to the Power of Siberia 2 project, Russia is exploring the construction of another pipeline through neighboring Kazakhstan, which, when combined, could supply China with up to 100 billion cubic meters of gas annually.
Sophie Wagner for TROIB News
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