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Looks like it is time for Ukraine to give up the gas transit business. Gazprom has made multiples of offers to take over the pipelines in Ukraine. That looks to be what Ukraine is hinting at?
Ukraine is ready to discuss suspension of its gas transit system which pumps Russian gas to Europe, Prime Minister Mykola Azarov told reporters on Saturday. “The GTS is a system of pipes, compressors, and a huge working team which operates the system. This all brings losses, and why should we bear the losses? Maybe we should abandon it? We are not going to bear the loss,” Azarov said following a conference on European strategy. The system’s capacity allows pumping 150 bcm of gas a year, but currently it pumps only 80 bcm. Azarov warned officials of the European Commission about the possible suspension and said that Europe, Ukraine and Russia should jointly decide on the future of the Ukrainian gas transit system…
Maybe it is time to give it up and turn over the pipeline to someone who can handle it! Instead they will probably just shut it down and prove to the world that Russia is correct and she needs to bypass Ukraine because they are an unreliable gas transit country…
Kyle Keeton
Windows to Russia!