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    November 9, 2017

    EU declares war on Gazprom and Germany, part 2

    November 9, 2017 - Fort Russ News -

    - Sergei Latyshev, in Tsargrad, translated by Tom Winter -
    "In Brussels the have decided to shove Berlin, saying the EU does not need Nord Stream II, which Germany [in fact] needs"


    Brussels: Europe does not need Nord Stream-II

    Europe does not need a Nord Stream-2 gas pipeline, because in the future the consumption of "blue fuel" in the EU will decrease, according to the amendments to the EU Gas Directive published in Brussels. 

    Despite stable growth of gas supplies from Russia to Europe via existing pipelines, the document concludes that in the future these supplies will ... decline due to the fall of "domestic production and consumption." 

    The EU believes that there is already "a well-developed infrastructure for gas imports." A calculation is also made for the "expected competitiveness of LNG shipments after 2020."

    Therefore, the European Commission "does not see the need for a new infrastructure as large as the Nord Stream II. And finally, the EU "will continue to support" the preservation of the transit of Russian gas to the EU via Ukraine.

    A stunning document. All the above excerpts are either false, or an admission that the economic furture of the EU is marginal, since without reliable gas supplies, the economies of European countries will enter a period of uncertainty and may quickly lose competitiveness. 

    Meanwhile... In January-October 2017, Gazprom significantly increased its exports to Western and Central Europe: by 8.6% in Germany, by 5.9% to France, to Slovakia by 26%, to the Czech Republic by 28.7%, to Austria - as much as 42.7%. In particular, 4.8 billion cubic meters were supplied to the Czech Republic - more than for the entire 2016!

    The European Commission's wager on expensive and politically unreliable American liquefied gas, and on renewable energy sources, which have not yet come on-line and which are too expensive, is a pure gamble. It seems that Brussels has completely lost faith in the economic prospects of the EU, since Europe will no longer need so much gas. 

    There is also a clear trace of the desire to hang on to the financing of Ukraine: The revenues from the transit of Russian gas (both periodically and its theft) - are one of the most important sources of its foreign exchange earnings. To provide these funds to Kiev from their own pocket after the cessation of Russian gas transit doesn't please Brussels at all.

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    Item Reviewed: EU declares war on Gazprom and Germany, part 2 Rating: 5 Reviewed By: Tom Winter
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