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The ongoing1 dispute over transit2 fees and pricing has halted Russian natural gas exports to Europe.A gas pressure gauge3 is seen at a snow-covered transit point on the main pipeline4 from Russia in the village of Boyarka, near Kyiv, Ukraine, 06 Jan 2009 |
Ukraine and Russia blame each other for the disruption that has curtailed5 vital gas deliveries to several European countries, including Hungary, Romania, Austria, Slovakia and the Czech Republic. Amid freezing temperatures and usage restrictions6, the Japanese automaker Suzuki says it is halting production at its Hungarian affiliate7.
The European Union says it is being held hostage to a bilateral8 dispute and is demanding an immediate9 resolution of the matter. On Wednesday, German Chancellor10 Angela Merkel expressed displeasure in telephone conversations with Russia's Prime Minister Vladimir Putin and Ukraine's Prime Minister Yulia Timoshenko. Germany gets some 37 percent of its natural gas from Russia, 80 percent of that through pipelines11 that transit Ukraine.
Russia claims that Ukraine is $2 billion in arrears12 in gas payments. It accuses Ukraine of siphoning off gas intended for Central and Western Europe. Gazprom, the Russian gas supplier and the world's biggest energy company, wants Ukraine to pay world market prices - more than double what Ukraine has been paying. Ukraine, in turn, wants Russia to pay more in transit fees.
Three years ago, an almost identical dispute briefly13 disrupted natural gas trans-shipments.
Thomas Mayer, chief European economist14 at Deutsche Bank, expects the dispute will be resolved soon. He told Bloomberg Television that neither country wants to damage its commercial ties with Europe. Mayer foresees no significant shortages in Western Europe.
"I think there is the possibility for the European Union to share reserves among the European Union countries," said Mayer. "So at the present time, I don't think one needs to be too worried about it. And I think the markets are also not taking a lot of fright from that."
Mayer says that, so far, the shortages are not acute in Germany, which is still obtaining some Russian gas through the pipeline that crosses Belarus.
Several politicians and energy experts say this latest supply disruption reveals that Western Europe has become too dependent on Russia for natural gas and oil. They say that dependence15 is likely to grow with a planned pipeline from Russia to Germany under the Baltic Sea.
Russia, meanwhile, is expanding its pipeline network to allow greater oil and gas exports to fast-growing China and India.
1 ongoing | |
adj.进行中的,前进的 | |
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2 transit | |
n.经过,运输;vt.穿越,旋转;vi.越过 | |
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3 gauge | |
v.精确计量;估计;n.标准度量;计量器 | |
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4 pipeline | |
n.管道,管线 | |
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5 curtailed | |
v.截断,缩短( curtail的过去式和过去分词 ) | |
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6 restrictions | |
约束( restriction的名词复数 ); 管制; 制约因素; 带限制性的条件(或规则) | |
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7 affiliate | |
vt.使隶(附)属于;n.附属机构,分公司 | |
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8 bilateral | |
adj.双方的,两边的,两侧的 | |
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9 immediate | |
adj.立即的;直接的,最接近的;紧靠的 | |
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10 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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11 pipelines | |
管道( pipeline的名词复数 ); 输油管道; 在考虑(或规划、准备) 中; 在酿中 | |
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12 arrears | |
n.到期未付之债,拖欠的款项;待做的工作 | |
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13 briefly | |
adv.简单地,简短地 | |
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14 economist | |
n.经济学家,经济专家,节俭的人 | |
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15 dependence | |
n.依靠,依赖;信任,信赖;隶属 | |
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