Putin warns EU that gas supplies could keep dwindling
Russian President Vladimir Putin says the flow of Russian natural gas to the European customers has dwindled due to the West’s own fault and warned that it could continue ebbing
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Russian President Vladimir Putin said Tuesday that the flow of Russian natural gas to European customers has dwindled due to the West's own fault and warned that it could continue ebbing.
Putin's statement further cranked up pressure on the European Union, which fears Russia could cut off gas to wreak economic and political havoc in Europe in the winter.
Speaking to Russian reporters in Tehran, where he attended the talks with the leaders of Iran and Turkey, Putin said the amount of gas pumped through the Nord Stream pipeline to Germany will fall further from 60 million to 30 million cubic meters a day, or about one fifth of its capacity, if a turbine isn't quickly replaced.
He added that Russia could launch the recently completed Nord Stream 2 pipeline that has never entered service, but noted that it would only have half of its designated capacity because the rest has been used for domestic needs.
The Russian leader also warned the West that its plan to cap the prices of Russian oil as part of its sanctions over Ukraine will destabilize the global oil market and make prices soar.
“We are hearing some crazy ideas about restricting the volumes of Russian oil and capping the Russian oil price,” he said. “The result will be the same — a rise in prices. Prices will skyrocket.”
Since Russian troops rolled into Ukraine in February, the EU has approved bans on Russian coal and most oil to take effect later this year but did not include natural gas because the 27-nation bloc depends on it to power factories, generate electricity and heat homes.
However, Russia's Gazprom state-controlled natural gas giant reduced gas deliveries through the Nord Stream 1 pipeline to Germany by 60% last month, citing technical problems after a turbine that Siemens sent to Canada for overhaul couldn’t be returned because of sanctions. Canada and Germany made a deal to return the turbine, but Putin said Tuesday that Gazprom still hasn't received the relevant documents.
The Russian leader said that Gazprom was to shut another turbine for repairs in late July, and if the one that was sent to Canada isn't returned by that time the flow of gas will ebb even more.
He also pointed out at Ukraine closing a branch of a transit pipeline carrying the Russian gas to the West that comes via the territory controlled by Moscow-backed separatists as another reason behind the dwindling Russian gas flow to Europe.
German and other European leaders have rejected the Russian arguments, saying the reductions in gas supplies were political. The EU fears that Russia will cut off gas to try to wreak economic and political havoc in Europe this winter.
Putin, in turn, insisted that “Gazprom has always fulfilled and will fulfill all of its obligations,” charging that “our partners are trying to shift the blame for their own mistakes to Gazprom without any basis.”