Mon, 05 Dec 2022

Europe is "well prepared" - thanks to storage capacity and energy conservation measures - if Russia decided to stop all gas deliveries, a top EU leader said Saturday amid an intensifying energy battle between Russia and the West over the war in Ukraine.

'We are well prepared to resist Russia's extreme use of the gas weapon,' EU Economy Commissioner Paolo Gentiloni told reporters on the sidelines of an economic forum in Italy. 'We are not afraid of [Russian President Vladimir] Putin's decisions, we are asking the Russians to respect contracts, but if they don't, we are ready to react."

Gentiloni's remarks come on the heels of Moscow's decision Friday to delay the reopening of its main gas pipeline to Germany. Russia was reacting to the Group of Seven countries' agreement to cap the price of Russian oil exports, limiting Moscow's profits.

Gentiloni said that gas storage in the European Union 'is currently at about 80%, thanks to the diversification of supplies,' although the situation varies in each country.

Russian energy giant Gazprom said it could not resume the supply of natural gas to Germany, just hours before it was set to restart deliveries through the Nord Stream 1 pipeline. Russia blamed a technical fault in the pipeline for the move, which is likely to worsen Europe's energy crisis.

European Commission spokesperson Eric Mamer said Friday on Twitter that Gazprom acted under 'fallacious pretenses' to shut down the pipeline.

Turbine-maker Siemens Energy said Friday that there was no technical reason to stop shipping natural gas.

Moscow has blamed Western sanctions that took effect after Russia invaded Ukraine for hindering the maintenance of the gas pipeline. Europe accuses Russia of using its leverage over gas supplies to retaliate against European sanctions.

Friday, finance ministers from the G-7 countries said they would work quickly to implement a price cap on Russian oil exports.

The G-7 ministers from Britain, Canada, France, Germany, Italy, Japan and the United States said the amount of the price cap would be determined later 'based on a range of technical inputs.'

FILE - A Russian construction worker speaks on a phone during a ceremony marking the start of Nord Stream pipeline construction in Portovaya Bay, 170 kms northwest of St. Petersburg, Russia, April 9, 2010. Russian energy giant Gazprom said Sept. 2, 2022, that it couldn't resume the supply of natural gas through the pipeline to Germany, citing the need for more maintenance. FILE - A Russian construction worker speaks on a phone during a ceremony marking the start of Nord Stream pipeline construction in Portovaya Bay, 170 kms northwest of St. Petersburg, Russia, April 9, 2010. Russian energy giant Gazprom said Sept. 2, 2022, that it couldn't resume the supply of natural gas through the pipeline to Germany, citing the need for more maintenance.

'This price cap on Russian oil exports is designed to reduce Putin's revenues, closing an important source of funding for the war of aggression,' said German Finance Minister Christian Lindner.

Ukrainian President Volodymyr Zelenskyy welcomed the decision by G-7 finance ministers.

'When this mechanism is implemented, it will become an important element of protecting civilized countries and energy markets from Russian hybrid aggression,' Zelenskyy said in his Friday evening video address.

The jockeying for control of energy supplies comes as Russian and Ukrainian forces trade strikes near the Zaporizhzhia nuclear power plant, where U.N. inspectors are seeking to avert a potential disaster.

Ukraine's military said Friday it had carried out strikes against a Russian base in the southern town of Enerhodar, near the nuclear power plant.

Russia and Ukraine each accuse the other of shelling near the facility. Kyiv also accuses Moscow of storing ammunition around the plant and using the facility as a shield for carrying out attacks, charges Russia denies.

Inspectors from the International Atomic Energy Agency visited the Zaporizhzhia plant this week, having braved artillery blasts to reach the facility on Thursday.

IAEA head Rafael Mariano Grossi said he and his team saw everything they asked to see at the plant, were not surprised by anything, and he will issue a report early next week on his findings.

Grossi, who has left Ukraine, spoke with reporters Friday after arriving at the airport in Vienna, said 'My concern would be the physical integrity - would be the power supply and of course the staff" at Zaporizhzhia.

FILE - A view shows the Zaporizhzhia nuclear power plant in the course of Ukraine-Russia conflict outside the Russian-controlled city of Enerhodar in Zaporizhzhia region, Ukraine, Aug. 30, 2022. FILE - A view shows the Zaporizhzhia nuclear power plant in the course of Ukraine-Russia conflict outside the Russian-controlled city of Enerhodar in Zaporizhzhia region, Ukraine, Aug. 30, 2022.

A team of 13 experts accompanied Grossi to Ukraine, and he said six have remained at Zaporizhzhia. Of those six, two will remain until hostilities cease, which Grossi said will make a huge difference.

'If something happens or if any limitation comes, they are going to be reporting it - report it to us,' Grossi said. 'It is no longer a matter of 'A said this, and B said the contrary.' Now the IAEA is there.'

Ukraine's nuclear agency, Energoatom, on Friday accused Russia of 'making every effort' to prevent the IAEA mission from learning the real situation at the facility.

The Zaporizhzhia plant has been controlled by Russia since the earliest days of its invasion but remains operated by Ukrainian engineers.

With the nuclear plant in a war zone, world leaders have expressed fears it could be damaged and result in a radiation disaster like that at Ukraine's Chernobyl plant in 1986.

Ukrainian grain shipments are continuing. The Joint Coordination Center said Friday that it had authorized the movement of eight ships from Ukraine's ports, carrying 196,285 metric tons of grain and other food products under the Black Sea Grain Initiative. The vessels are leaving Saturday, heading to Egypt, Greece, India, Italy, Netherlands, Spain, and Turkey.

In addition, two ships scheduled to leave Friday will instead leave in the coming days, the JCC said, carrying grain and other foodstuffs to Turkey and China.

The JCC said it is set to finish nine vessel inspections on Saturday - six on inbound vessels and three on outbound vessels.

As of September 2, the JCC said "the total tonnage of grain and other foodstuffs exported from the three Ukrainian ports is 1,766,531 metric tons. A total of 160 voyages (86 inbound and 74 outbound) have been enabled so far."

Margaret Besheer contributed to this report. Some information came from The Associated Press, Agence France-Presse and Reuters.

More Japan News

Access More

Sign up for The Japan News

a daily newsletter full of things to discuss over drinks.and the great thing is that it's on the house!