Europe plunged into energy crisis as Russia cuts off gas supply via Ukraine

Russia cut gas exports to Europe by 60 per cent today, plunging the continent into an energy crisis ‘within hours’ as a dispute with Ukraine escalated.

This morning, gas companies in Ukraine said that Russia had completely cut off their supply. Continue reading

Russia Is About To Absorb Part of Another Country

Surely, if this escalates into another war, the propaganda masters behind the last Russian-Georgian war will effectively paint tiny Georgia as the aggressor. The previous, long-planned and pre-determined 2008 Russian invasion of Georgia, that is. The next invasion would likely permanently take away the energy corridor from the Caspian Sea to Europe planned under the Bush/Cheney administration to bring independence. This is also why you see Europe frantically scrambling to find alternatives to Russian resources.

If you haven’t figured it out yet, it was never about an aggressive rogue military in a nation barely larger than Israel. But that’s what the masses believe and it goes to show how effective the propaganda is. You can read more about Georgia under its respective category HERE.

While Moscow continues to be hammered by low oil prices and western-led sanctions, it is doubling down on hard-edged political and financial retribution: Russia is preparing to absorb a province of neighboring Georgia, and delivering an ultimatum to Europe that it could lose much of the Russian gas on which it relies.

Ten months after annexing Crimea and igniting his current standoff with the west, Russian president Vladimir Putin will as early as this week take control of South Ossetia, a breakaway region of Georgia, with which he has a long, sour relationship. He is to sign a little-publicized accord that will hand over foreign policy, border control, and security to Moscow. Continue reading

Iraq to become Iran’s top gas importer

Iraq will become Iran’s top gas importer by importing 40 million cubic meters (mcm) of gas per day to Baghdad.

The official said at first the two countries had signed a four-year deal, which was extended to 10 years after the Iraqi and Iranian oil ministers reached a new agreement. Continue reading

Discount over: Gazprom hikes Ukraine gas prices 44%

Russia’s state-owned gas major Gazprom announced a new price for gas exports to Ukraine of $385.50 per 1,000 cubic meters as of April 1, 2014. The price increased by $117 after Gazprom cancelled its discount agreed in December.

“This follows Ukraine’s default on its obligation to repay its debt for gas supplies in 2013 and the 100 percent lack of payment for current supplies,” Gazprom chief Aleksey Miller said Tuesday. Gazprom had until April 10 to decide on a new price. Continue reading

Russia Eyes New Far Eastern Gas Export Hub, Reassesses Central Asia

The Russian natural gas monopoly Gazprom outlined ambitious and costly plans to develop new production and exports hubs in the country’s Far East. Meanwhile, the gas giant has also apparently begun reassessing its ties with Central Asia.

On October 29, President Vladimir Putin told Gazprom CEO Alexei Miller to focus on the Far Eastern gas program, adopted back in 2007. Putin said that the development of the massive Kovykta deposit in Irkutsk region and the Chayandinskoye gas field in Yakutia, with total reserves estimated at 3 trillion–3.5 trillion cubic meters, should aim to meet the domestic demand and also help to increase exports to the Asia-Pacific (The Russian presidential press-service, October 29). Continue reading

Israel is Egypt’s no. 1 enemy, MPs declare

The lower house of the Egyptian parliament has unanimously approved a text declaring that Israel is the number one enemy of Egypt and calling for the expulsion of the Israeli ambassador and a halt to gas exports to Israel.

On Monday, Egyptian MPs voted by a show of hands on the text of a report, which was compiled by the Arab Affairs Committee of the People’s Assembly (lower house of parliament).

“Revolutionary Egypt will never be a friend, partner or ally of the Zionist entity, which we consider to be the number one enemy of Egypt and the Arab nation,” the report declared, adding, “It will deal with that entity as an enemy, and the Egyptian government is hereby called upon to review all its relations and accords with that enemy.”

Full article: Israel is Egypt’s no. 1 enemy, MPs declare (Press TV)