Posted on 01/06/2009 12:29:00 PM PST by lizol
Russian gas flow to Austria plunges 90 percent
Tue Jan 6, 2009 9:14am GMT
FRANKFURT (Reuters) - Russian gas flows to Austria dropped 90 percent on Tuesday amid a dispute between Moscow and Ukraine, oil and gas group OMV said, but added it was using its natural gas reserves to cover the shortfall.
Russia cut off supplies to Ukraine on January 1 over debts, pledging supplies to western Europe would be safeguarded, but some southern and eastern European countries have seen flows fall or stop.
OMV said it had been informed by its Russian partners that gas supplies would fall 30-40 percent on Tuesday.
"However there were further reductions in supply in the early morning hours. At the moment only around 10 percent of Russian gas is being delivered to Baumgarten" a border transit point, OMV said in a statement.
It said it was in contact with Gazprom about the situation but meanwhile was using its 1.7 billion cubic metres of natural gas reserves to supply its customers.
(Excerpt) Read more at uk.reuters.com ...
I thought they’d at least wait until The Great ‘O’ was prez before they started WWIII
Europe had better wake up to the fact that Russia and Iran are forming a natural gas cartel.
All countries should be heavily investing in nuclear options. Some new reactor types are 45+% efficient in energy conversion.
This is just the opening move.
Poor customer relations.
Now they can really call this next war, a war for oil.
Now they can really call this next war, a war for oil.
My son arrived in Zurich this afternoon and is headed to Vienna on Thursday. I hope he has heat. :)
Kinda reminds me of that dude in the movie “Mad Max Beyond Thunderdome” who controlls the fuel production. Get him mad...no fuel!
controlls=controls
Embargo!!
“Europe had better wake up...”
ZZZZZZZZZZZZZZZZZZZZ
And just think that we allow a foreigner to have access to our nuclear arsenal.
Please add me to your Eastern European ping list. Thank you.
I’m not in the mood to comment on this cr@p or much else…But I will.
Sometime back here on FR I read a great article saying that President Reagan had warned Europe about depending on Russia for their gas/oil/ whatever their needs. What he was saying was do not agree with a pipeline going through Russia where Russia would be in control of it.
Since the Europeans did not and don’t like us, they did the opposite just to give Reagan and the U.S. the finger.
Good. They deserve what is happening to them.
I do not feel sorry for them.
Except that it's Natural Gas. ;)
do not agree with a pipeline = do not agree to a pipeline
Sorry.
Can russia afford to not have these revenues coming in?
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