The West’s attempt to hit Moscow economically through its oil- and gas-dependent economy has failed. Kiev’s latest move only hints at its desperation.
On January 1, Ukraine terminated the transit of Russia n gas to Europe , ending 34 years of almost uninterrupted supply since the collapse of the Soviet Union. Some in the West have celebrated this asFor all practical purposes, the sale, purchase and supply of gas or any other commodity are entirely commercial matters.Ukraine’s recent decision to end the long-standing gas supply route to Europe seems just another minor twist in that soap opera.
Specifically, Transnistria may have to bite the bullet on more expensive gas delivered from Europe to restart its power plant and provide electricity to Moldova in return. In 2014, Ukraine received around $3bn per year in gas transit fees, and in the face of huge economic challenges, wanted to retain this revenue.Slovakia was a key partner to Ukraine in 2014, when the decision was taken to cease the purchase of gas directly from Russia and to replace it withAll the indications are that Slovakia will be able to resolve any gas supply issues over the winter from other sources, albeit at a much greater cost and with a reduction in income from gas transit.
The Southern Corridor pipeline, linking gas in the South Caucasus and further afield, has the potential to increase to 120bcm per year over time.. Taken together, Türkiye has the potential to become the transit point for over 150 bcm of piped gas each year, not far short of the capacity of redundant Russian pipelines to Europe.to hit the Turkstream infrastructure with a swarm of drones, in what could be a desperate attempt to cut off the vital route.
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