Temporary Cut In Oil Supply Through Belarus Sends Gas Prices Sky Rocketing In European Union
In a recent incident, Belarus made and statement for an “unscheduled repair” on a branch of the “Friendship pipeline” carrying oil supplies from Russia through their country to a number of EU states, stating that the repairs will take three days.
Transneft, the
Russian energy giant has said that this is a short-term disruption and the
repair work should be completed by weekend. Though the monthly supply volumes
should not be affected by this halt in supply. The pipeline connects oil fields
in Central Russia to consumers in Poland, Hungary, Czechia and Germany.
This situation
has caused a record-high increase in natural gas prices in Europe. Various factors
are aggravating the current situation in Europe, including the unusual cold
winter, which demands people to heat their homes for longer than usual. Also,
the need for natural gas is higher due to decisions regarding phasing out of
coal and a bad year for wind production.
The political
situation in Europe is also not conducive at this moment with President of Belarus,
Alendra Lukashenko threating to stop flow of natural gas to Central and Western
Europe, in response to a worsening row over illegal migration on the border of
Poland.
Currently there
are refugee camps with thousands of people stuck at frontiers. They have
apparently been cleared up today with migrants given temporary shelter in
Belarus. European Union is accusing Minsk of putting on flights from troubled
nations like Syria and Iraq enabling people to cross over in retribution for
sanctions levied against its government.
Belarus doesn’t
take the responsibility of the situation saying that have no control over the migrants
reaching the border. New Sanctions were imposed on November 16 th when the
European Foreign ministers met in Brussels and agreed to “amend its sanctions
regime in view of the situation at the EU’s border with Belarus, so as to be
able to respond to the instrumentalization of human beings carried out by the
Belarus regime for political purposes.
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