BR100 Decreased By (-1.11%)
BR30 Decreased By (-1.14%)
KSE100 Decreased By (-0.92%)
KSE30 Decreased By (-1.06%)
AGHA 7.67 Decreased By ▼ -0.14 (-1.79%)
BECO 5.14 Decreased By ▼ -0.07 (-1.34%)
BML 57.25 Decreased By ▼ -0.25 (-0.43%)
BOP 33.88 Decreased By ▼ -0.15 (-0.44%)
CNERGY 9.87 Decreased By ▼ -0.09 (-0.9%)
CSIL 5.30 Decreased By ▼ -0.01 (-0.19%)
FCCL 53.10 Decreased By ▼ -1.60 (-2.93%)
FFL 16.55 Decreased By ▼ -0.14 (-0.84%)
FNEL 1.22 Decreased By ▼ -0.01 (-0.81%)
KEL 7.28 Decreased By ▼ -0.12 (-1.62%)
KOSM 5.82 Increased By ▲ 0.05 (0.87%)
LOTCHEM 29.04 Decreased By ▼ -0.28 (-0.95%)
MLCF 91.81 Decreased By ▼ -2.55 (-2.7%)
NBP 201.26 Decreased By ▼ -1.79 (-0.88%)
NCPL 56.57 Decreased By ▼ -0.43 (-0.75%)
NPL 66.88 Decreased By ▼ -0.82 (-1.21%)
OGDC 314.35 Decreased By ▼ -1.49 (-0.47%)
PACE 10.58 Decreased By ▼ -0.06 (-0.56%)
PAEL 42.10 Decreased By ▼ -1.10 (-2.55%)
PIBTL 16.46 Decreased By ▼ -0.28 (-1.67%)
PPL 216.98 Decreased By ▼ -2.80 (-1.27%)
PRL 50.50 Increased By ▲ 1.31 (2.66%)
PTC 69.76 Decreased By ▼ -0.77 (-1.09%)
SSGC 27.00 Decreased By ▼ -1.25 (-4.42%)
TBL 9.78 Decreased By ▼ -0.08 (-0.81%)
TELE 8.65 Decreased By ▼ -0.14 (-1.59%)
TPL 18.12 Decreased By ▼ -0.12 (-0.66%)
TPLP 13.40 Increased By ▲ 0.13 (0.98%)
TREET 22.55 Decreased By ▼ -0.17 (-0.75%)
TRG 59.70 Decreased By ▼ -0.44 (-0.73%)

imageMOSCOW: Russia's Gazprom on Wednesday played down the EU's decision to ease access to the Opal gas pipeline, crucial to Moscow's plans to boost supplies via the Baltic Sea, and dismissed the bloc's role as mediator in a row with Ukraine.

Last week, the European Union lifted a cap on Gazprom's use of the Opal pipeline in Germany which takes gas from its Nord Stream Baltic Sea pipeline to end-users in Germany and the Czech Republic, opening the way for Russia to expand Nord Stream's capacity and bypass Ukraine as a gas transit route.

However, Gazprom's Deputy Chief Executive Alexander Medvedev told the Russia-24 TV channel on Wednesday that the Russian gas giant still has to analyse the decision.

"Unfortunately, the European Commission has made changes to our agreement ... unilaterally.

That's why, before saying that the problem is solved, it should be analysed," Medvedev said.

Since its completion in 2011, Gazprom has only been allowed to use 50 percent of the Opal pipeline under an EU ruling aimed at preventing dominance of the supply infrastructure.

The decision drew rebukes from Poland and Ukraine. Neighbouring Ukraine has not bought gas from Russia for about a year due to a political stand-off with Moscow, which annexed Ukraine's Crimea in 2014.

In the past, the European Commission has successfully brokered gas deals between Russia and Ukraine.

"Interference or help from someone else is not necessary. It's enough for them to make a pre-payment and the gas will flow," Medvedev said. Apart from boosting gas supplies via the Baltic Sea, Gazprom also plans more sales to Turkey and southern Europe through the Black Sea.

It wants to build two lines of the TurkStream pipeline with a total capacity of 31.5 billion cubic metres.

One of the lines is designed for supplies to the Turkish market, Gazprom's second-largest buyer of gas after Germany, while the second line would be for onward shipments to other countries, such as Greece.

Medvedev said Gazprom will not start the construction of the second line before it gets approval from EU regulators.

Copyright Reuters, 2016

Comments

Comments are closed for this article.