As to the reasons the new Eu means Russian opportunity large Gazprom

Because the dispute anywhere between Ukraine and Russia gets hotter, the fresh Kremlin is using gas offers since the a governmental firearm. DW’s Bernd Riegert examines exactly how depending the european union are to the Russian energy monster Gazprom.

During the was a record seasons for the Russian energy giant, in terms of creation and you will earnings. Due to rising demand therefore the exploding price of gasoline and oil, the firm was raking for the rubles.

This is the Russian suggest that control all offers and you can identifies to the organizations guidance. However, some Italian language providers, such as for example electronic power company E.Towards the, and additionally individual offers in the Gazprom, which is the most significant music producer out-of natural gas internationally. It’s got almost five hundred,000 group and you can states hold the greatest gasoline supplies in Russia.

Miller try an old buddy of Russian Chairman Vladimir Putin, whom typically lies within dining table of supervisory panel while the panel from administrators.

Gazprom was EU’s most significant energy seller

Gazprom’s field power in European countries is the consequence of a monopoly. Russian guidelines stipulates that only Gazprom is actually allowed to work water pipes used in export. It has been the greatest seller into European union (EU) for decades.

On the 43% of the propane taken in the new Eu is inspired by Russia, according to European union analytical workplace Eurostat, due to the fact others originates from Norway, the middle Eastern, the united states, and you can Northern Africa.

However, when you look at the Eu, the business display regarding Russian gas may differ commonly in different associate states. Brand new rule of thumb is the fact that subsequent east a nation lays, the much more likely it’s so you’re able to confidence Russia, and you may Germany, the newest EU’s most significant energy user, pulls on the 55% of their fuel from Russian opportunity beasts. Continue Reading