The most helpful thing that the Western Europe can do for Ukraine is to give money to pay for Russian gas supply

12 may 2014 | Rossiyskaya Gazeta

Gazprom could suspend gas supply to Ukraine, unless the debt problem is solved. Europe understands that any restrictions on energy resources imports from Russia will have an immediate impact on prices. Therefore, it is planned to build liquefied natural gas terminals throughout Europe, and also plans for new gas pipelines installations from the West to the East and from Africa to Europe are taken into consideration.

Alexander Kurdin
Alexander Kurdin
Department for Strategic Studies in Energy

“It’s all well and good”, - comments Alexander Kurdin, Head of Department for Strategic Studies in Energy at the Analytical Center on the current situation to Rossiyskaya Gazeta. “But real changes on the European gas market will not occur until 2020. Before this time nobody and nothing could replace Russia as a gas supplier”. The expert believes that now the most helpful thing that the Western Europe can do for Ukraine is to give money to pay for Russian gas supply.

According to Mr. Kurdin, Europe cannot completely abandon our fuel even after six years, and Russia’s market share will remain at least 15% or more.