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Russian Diplomacy: Energy Weapon

January 9, 2009 · · Filed Under Oil & Politics, Oil Industry, Power-Grid 

Another example of why you don’t want to rely on your adversaries for you energy supply.

Russian PM Vladimir Putin has said Moscow will resume pumping gas to Europe once independent monitors are in place to check the flow to EU markets. Ukraine, whose dispute with Russia over pricing led to the crisis, said it would guarantee transit to Europe. The Czech EU presidency said monitors would check Russian gas entering and leaving Ukraine but it was unclear if a firm deal had been agreed.

Earlier, talks between the EU, Russian and Ukrainian officials stalled. Ukraine, whose dispute with Russia over pricing led to the crisis, earlier said it would guarantee transit to Europe. The EU presidency did not specify when the monitors would be in place or when gas supplies would resume.

“This deployment should lead to the Russian supplies of gas to EU member states being restored,” the EU presidency statement said.

The talks in Brussels on Thursday were aimed at ending the row that has seen supply to Europe cut off. Ten of thousands of homes in Europe have been left with no heating, a situation which the European Commission has described as completely unacceptable.

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