The era of Russia exporting cheap gas to the European Union is not fully over yet as Russia is still exporting gas through Turkey to the Balkans, Hungary and Romania, expert in Russian energy and gas policy Professor Arild Moe says.
#Russia #Ukraine
#Russia #Ukraine
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00:00First question, is the era of cheap Russian gas to the European Union over after the five-year deal expired this morning?
00:08Well, it is almost over, but not completely.
00:12Russia is still exporting gas via Turkey into the Balkans.
00:21So there are volumes into Greece and Serbia and also reaching Hungary and Romania that way.
00:29Besides, Russia is also still exporting considerable amounts of liquefied natural gas to Europe from its production site in the Arctic.