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Russia warns Europe over reselling gas to Ukraine

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Russia’s state-owned gas company Gazprom has warned European countries that it will limit natural gas supplies if they resell the natural gas to Ukraine.

The company’s CEO Alexey Miller announced after Gazprom’s annual shareholders’ meeting on Friday that it is closely monitoring the situation and may curb supplies to nations that pump the Russian gas to Ukraine through reverse flow.

“Our Russian gas is now staying in Ukraine, Ukraine is using our Russian gas as its own. Right now there’s no physical reverse flow of gas. I think there could come a time in the near future when we will probably introduce limitations of deliveries to [the European] gas measuring stations, where we will be able to see if there is a reverse flow,” Miller said at a press conference after the meeting.

Miller also described using any reverse flow as a “half fraudulent scheme.” He underlined that Ukraine has no right to use the gas in its pipeline.

Russia cut off all gas supplies to Ukraine last week after Kiev failed to make a $1.95-billion payment of its $5.2-billion debt before the June 16 deadline and gas price talks between the two countries came to an end without any results.

European leaders are concerned over the gas row as Moscow provides 30 percent of Europe’s total gas demand with key pipelines on the Ukrainian territory.

Ukraine rejected Russian President Vladimir Putin’s offer of the “final price” of $385 per 1,000 cubic meters, saying it would pay $326. Kiev has refused to pay for natural gas upfront in protest at Russia’s decision in April to almost double gas prices. Gazprom raised the price of gas for Ukrainian consumers to $485 per 1,000 cubic meters from $268 for the first quarter of 2014.


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