Thursday, December 4, 2014

Kiev cheers South Stream’s demise |

NoBC4U Note: Clueless is as clueless does, I guess. Someone seems to believe that the cancellation of South Stream is some kind of victory.

The Ukrainian government welcomed Russia’s decision to scrap the South Stream gas pipeline, which would have bypassed Ukraine.

The comments were made by Ukrainian Foreign Ministry spokesman Yevhen Perebyinis.

"We regard the EU’s decision to abandon the project as logical and prudent," Perebyinis said. "Ukraine has always said that it is a reliable energy transit state. We have repeatedly proven this, and we continue to do so in negotiations both with the EU and with Russia. We intend to honor our obligations on energy transit to Europe."

Russian President Vladimir Putin earlier warned that gas supplies would be cut off if Ukraine started to siphon off gas in transit.

Experts believe that Ukraine’s gas reserves in its underground storage facilities will only last until February. Kiev-based expert Dmytro Marunych blames the worsening situation in Ukraine’s energy sector on Yatsenyuk’s government.

Complete story at - Kiev cheers South Stream’s demise |

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