|
|
| World Home » Current Affairs » | Sat. Nov 22, 2008 |
 |
|
|
||||||
|
Moscow decide to restore gas supply MIL/Agencies, Jan 3, 2006. According to latest press reports, Poland's biggest natural gas company said on Monday that supplies from the Ukraine returned to its normal levels early on Tuesday. However, it is after a drop of 50 percent two days earlier. The company, PGNiG, said gas flows returned to normal at 8 a.m. (0700 GMT). The gas supply to Poland and several other European countries dropped significantly after the Russian natural gas monopoly Gazprom stopped supplies to Ukraine in a conflict over. The government of President Vladimir Putin last night backed away from a politically driven attempt to starve Ukraine of natural gas after the European Union, led by Germany, unequivocally warned that Russia could face serious economic consequences if it meddles with the West's energy supply as per Colin Nickerson, the Boston Globe. The stunning turnaround meant a big chill was avoided in winter-locked Europe, and it suggested that a big lesson might have been learned in Moscow -- that Russia may control supply, but Europe controls the investments and foreign aid that Putin desperately needs to bring his country forward. Putin was left looking like the neighborhood bully -- more than willing to cut off Ukraine's supply of natural gas, with potentially devastating consequences for the fledgling democracy, but quickly drawing back when Western Europe and the United States protested. Russia's state-owned gas monopoly, Gazprom, promised to restore the normal flow of gas to Europe by no later than tonight after tightening the valves on a massive pipeline system that feeds not only Ukraine but nearly every country in Europe. In a face-saving effort, the natural gas colossus said the reduced flow through the pipelines that caused immediate shortfalls in about a dozen European countries was the result of Ukraine ''stealingmarkets.
|
 |
|
Applelounge Network (Website Design India, Web Design India) Sites |