welcome back this is our live from moscow right here at the top stories today putting the wheels in motion moscow ushers in a new era of energy security for western europe as a landmark most stream pipeline begins pumping russian gas through to germany and beyond and the supply rules out energy roused through transit countries which had previously left european consumers of russian gas out of the cold and. russia issues another stern warning against israeli military action against iran as president in reaching the editor says it could spell catastrophe for the middle

east meanwhile the u.n. atomic watchdog is about to release a report on steroids that nuclear activities. recall edition scrambled to save the country as they inched more deciding on a new crisis leader r.t. had so the streets of athens to find out what greeks themselves think about for years growth that is really is next in the for national firing line that where debts are piling up ahead of record borrowing costs. and next in our spotlight host al gore and of talks to a gas cross spokesman about why moscow now faces criticism following the grand opening of the giant gas pipeline that's next.

oh yeah. see. my guest in the studio is. the first consignment of russian gas. underneath the baltic sea. pipeline is finally. delivered directly to western europe bypassing troublesome transit. is expanding operations in both europe and asia now. parkland just south. of the black sea a few projects are underway in just five fields this. is gazprom to becoming a real monopolist and israel should be used as a political tool. once fully operational.

twenty six million europeans who was russian gas it's a. running through transit countries the. billion dollars and has been. from the very beginning critics say it's not only super expensive but also. as the. europeans feel. that's the telo and thank you for coming to our program hello first of all let me congratulate you on a big event the note stream pipeline has finally been completed and officially launched. the leaders of russia and germany and the prime ministers of france and

the netherlands have given the long ceremony does this mean and then through a period of hard work promotion and litigation for gas problems or does it mark the beginning of a new phase of struggles in this direction in. which of course this is a very significant event and an important landmark in gas problems operations in europe because today we have greatly improved reliability of supplies of russian gas to european consumers. we now have a third gas transportation channel that will not only help us to avoid crisis situations linked to gas transit through third countries. but it will also substantially improve our technological and technical capacity is and will make us more flexible in reacting to the needs of russian gas consumers in europe is the meeting. mystical prion of as far as i know

a pipeline along the seabed is much more expensive than building a land pipeline the transit duties which russia would pay are unlikely to compensate for the surprise difference in the near future does it mean that gas prices decision to pump gas under the baltic sea he's politically motivated. no it's not so. tariffs for gas transportation under the sea and by a lamb pipeline do not differ very much construction costs are different yes but there are so many other expenses that should be taken into account for example permission to use land for building a ground based pipeline. this is a substantial expanse sides one with a pipeline under the seeing we won't need any transit countries and it means that we are going to pay these money to ourselves. gazprom owns

fifty percent of north stream shares and it means that we're paying half of transportation costs into our own pockets. thus compensating for the expenses we incurred at the construction stage. so this is a very profitable project that is one of the world's leading financial institutions and organizations which by a man almost seventy percent of the project showed such an interest in it have you calculated how long will it take for the project to pace way. it's not going to happen soon but anyway gas pipelines never pay off quickly they're designed to operate for thirty forty or fifty years and the operational ventures like most trade is based upon this concept well i mentioned political motives so i didn't mean that you were planning to define russia's relations with the european union i

mean something different gazprom has recently taken a very tough stance in negotiations with transit countries in particular described its position as uncompromising i would rather stick to the word soft and i think you're going to agree with me after opening an alternative route for transporting russian gas to europe will gas promise musician and negotiations get tougher. no i think it's going to be quite the opposite the transit countries will no longer be able to take such a tough stance against gazprom which as you and i can remember they've tried to do many times is going to be impossible for them to manipulate their unique position of being transit countries any longer. we consider it to be a normal and proper development of a situation. i don't think that anybody would expect transit countries to preserve an eighty percent monopoly on transit of russian gas to european countries i think

that the north stream pipeline is an objective reality which everybody has accepted everybody understands that opposing it is unnecessary. and simply impossible here i was in kiev just a couple of weeks ago the number one political news which is on everybody's mouth is certainly the rest of you. people in the streets say this with your being floated j ukraine is going to revise its gas agreements with russia as against the representative would you think about it we'll discuss agreement really be revised will it remain in force until it official expires. i think we should separate these things as photo machine cose case it has nothing to do with ukraine's gas contracts with russia. gave they believe these two things are insulates they consider them to be the least of one chain well that's what people in the streets say i believe that if we speak about our relations with enough to gaza craney and the question has

never been posed this way as for the guess agreements because they are in force they were signed and the ukrainian side is implementing them. we have a common understanding that instead of what it was in the existing contracts we should work together towards broader agreements that will include the terms of delivery of russian gas where holding these negotiations but i don't want to go into details now on the whole the talks have been intensive on constructive but there are many serious and complicated issues that are to be solved so today's very hard to predict whether these negotiations are going to end if you don't get your rights you're prepared to improve your gas relations with the crane but there's no need to break revise the existing contracts is it so. it's absolutely true the phase one of the north korean gas pipeline is meant to put an end to gas supply disruptions in europe spotlights there are reports. bill de

gea of stream dates back to the one nine hundred ninety s. it was not until six years ago that russia begin to shift the project forward two thousand and five so the first in a series of so-called gas wars between moscow and kiev ukraine used to transit pipeline running through its territory from russia to europe to collect mail the russian government into given it gas at reduced price says ukraine was also caught illegally taking gas from the transit pipeline on monday. one occasion unable to reach an agreement with key of russia was to cut off all gas supplies passing through ukraine in two thousand and nine eighteen european countries will aft with either shut off or reduced gas supplies from russia and willing to depend on transit countries any longer russia prompted the development of alternative energy

supply routes and came up with north stream which trans under the baltic sea and has just begun pumping gas to europe and south stream we trans through the black sea and it's went to be finished by twenty fifteen both the pipelines reach european consumers directly this year has seen new disputes between russia and ukraine over gas prices ukraine's ex prime minister yulia tymoshenko was found guilty of abusing the storage of one son in two thousand and nine gas contracts with russia the ukraine currently enjoys a thirty percent discount to the gas price it's still insists it's paying too much wherever the dispute ends up this year the sperm official say nordstrom being operational means the european consumers have nothing to worry about this time around no russian ukrainian gas conflict can infect the european continent.

good solution will be used to go beyond a we've said the lords of the north stream pipeline will help to ensure the security of supply and demand. is a true energy security he's not going to be fooled into south stream is launched because north and south stream so the links of one chain. of course it is true they are the wings of one chain by having launched no stream we will be able to meet the needs of our consumers in the north of europe. and it's natural that consumers in south eastern europe will get additional opportunities to receive a russian gas only after south stream begins operation when. the construction of south stream is carried out according to plan. and well working hard toward a fixed completion date that is the end of two thousand and fifteen is it

a real figure it will this is the schedule we have right now will these deadlines been met yes of course says. castro coast spotlights movie bachelor who will continue this until he is called so we'll take a break say we will go to. wealthy british style scientists in times of crisis. markets try not to come to. find out what's really happening to the global economy

with mike's concert for a no holds barred look at the global financial headlines tune in to cause report on our. morning news today violence is once again flared up the families are the images the world has been seeing from the streets of canada. sheinkopf orations to rule the day. cooper. the music. to the food if.

to. fix. if. you. welcome back to spotlight on the love and just a reminder. the live show today is. gas prawns spokesman. mr prion of the first as we mentioned ukraine one of the talks of the town in the press and among the people in that country is the price for natural gas. if you

cine to any ukrainian city stations you will hear statements by politicians. at a higher price than anyone else that no other country pays as much as ukraine the first question is the treaty truth and the second is gazprom ready to cut the price ok. you know. early i send that any prize console changes to existing contracts should be discussed as part of the earth as to expand or intensify our cooperation. if ukraine is willing to do that gazprom is ready to negotiate on the conditions of gas supplies. just like you're in terms of absolute figures you could bring it up and argue about it in the media is not as you want. but in reality the natural gas prize for ukraine is commanche rate the prize paid by its european neighbors.

then there's a discount equaling russia's gas exports being which was agreed on in the city of harcourt. so while the price appears to be quite appropriate and affordable for ukraine as we have seen in the past few years. of course all ukrainian parties are looking for yet cheaper price and that's why they come to moscow regularly school spirit i would guess brahms contract with valerie's is due to expire soon but with that country you seem to have gone further in the negotiations to green and price cuts in exchange for a stake in beltran's you know as the national gas company is that the kind of a bargain that ukraine has refused to accept let's leave out the specific conditions of gas supplies to belarus now. i would like to talk about in

a contract on the supplies and transportation of natural gas through balor roups. we have seen much faster progress there. and we are confident that as early as november all the papers required to close the contracts and intergovernmental agreements will be ready. i like to repeat my question is gaspar ready to decrease the price at least if you are specific conditions are met we will we're nearing a deal that would satisfy both the russian and the bell the russian sides. will progress in means that in kiev right a right fine leaders move on to the next topic share on the european market change after the launch of north stream is it due to rise. in itself north stream is merely a channel for the transportation of our natural gas as for our market share it

depends on the volume of the gas sold as you know gazprom sold an additional volume of twenty two billion cubic meters that will be upon via this pipeline when it's fully op and running we do expect our share to rise from a quarter to some thirty percent by twenty thirty but the share is not the most important thing for us and you can control the entire market by selling your gas for nothing but the question is do you really need that so we're keeping an eye on our market share but boosting it is not our altimeter goal it's much more important to maintain reliable supplies to customers along with ensuring our core parade commercial interests. you said south stream will be completed by two thousand and fifteen i heard some reports that the provisions of the third energy

package. could disrupt your plans. can you confirm that. well yes there are certain difficulties really true straight into we have managed to get a kind of an examination for the pipelines constructed on the territorial the european union by our partners specifically for supplies of natural gas via north stream but to tell you the truth it's not a full exemption the same as of the norwegians not quite again it's not a food sanction so some issues still remain unsolved we have been in talks with the european commission we believe gas probably will be able to reach a mutually beneficial deal both on south stream and. we hope to sort it out please comment on the following reports according to the new lithuanian law gazprom will

have to give up its share in the year two is due us within two years time will gas proceed to disputed comply with a new law. the final decision has not yet been made but without doubt gas problem reserves the right to file an application to the arbitration institute of the stockholm chamber of commerce this procedure is set forth by the agreement on investment encouragement which was signed when purchasing a stake in better enterprise. the european union antitrust authorities were reported to have raided gasper marcus's in europe accusing them of violating the e.u. and the monopoly legislation what was your response to spec to any court cases or will some clarifications be sufficient. well first of all no accusations have been brought against us or was it the reason. well the paper checks you mentioned were done on suspicions that there could have been some

violations of the european anti monopoly laws anyway it will take the e.u. authorities at least several months to study the documents. and similar cases with other companies indicated that it would last as long as several years. the examination will result in an official statement which will either include requirements for a change in corporate practices by a guest brum or it's a seizure is. required on contract changes or introduce sanctions certainly at this stage we fully cooperate with the authorities by providing all the documents we are now waiting for the statement after that gazprom will decide whether to comply with it or challenge it in court. for you where. the other day a russian engine ministers must go said that rushing since to speed up the east for

expansion was. meaning energy exports to china. gas bronze plans to develop its eastbound routes the europeans are afraid of that shift because they realize that china is a behemoth of a market for your natural gas here in russia they say it will take years before china becomes as reliable and big consumer as europe has traditionally been what's your assessment does europe need to feel that china will replace it as the primary market of russian gas in the near future. talking of time i'd like to quote the assessment of the chinese government saying that demand for natural gas in china will total some three hundred billion cubic meters in twenty twenty. compared to. its half of the european market. by twenty thirty the chinese market could match that of europe but this is an unofficial assessment does europe need to fear

anything maybe they just need to run an a business in compliance with existing contracts and expand the same from gazprom gazprom will fully made its obligations. indeed gazprom is now we implemented a large scale east toward expansion program that will allow us to gain a foothold in the region not only in terms of supplies but also in terms of gas production and processing. the composition of gas extracted there is reacher which will require construction of a number of facilities gas processing plants and gas chemical facilities. so there's a great deal of work outstanding. talking of china we continue our negotiations as you know we've been holding the talks for a long time and have not reached an agreement so far but the chinese proverb as it that says you shouldn't count miles on

a way so if we're going to set any strict deadlines for signing the contracts and the schedule will not be matched by our chinese partners we were end up in an awkward situation of a negotiating table the talks are under way besides realize they need each other and sooner or later we will agree on conditions that will suit both parties for the chinese have been tough for the gas promise suit forty billion years dollars in advance payment but they refused can you confirm that is it true that this was the reason why you don't have the funds now to begin the construction of the also i guess pipeline. it's not about getting the money we have a valid contract it won't be a problem at all this option was brought up because it allowed for more pricing flexibility but it does not contradict anything.

does gas program run in your risks concerning his projects in libya that's a question that often comes up when talking about the events in the middle east. to continue its operations in libya we're implementing a number of projects there. some of them are joint projects with our european partners. with germany has been gus and italy's any we know that the italians are returning there so we expanded our operations will resume to. where we think very much showing good luck thank you for being with us and just to remind jeff that my guest today will still be crispy on gas trans scots and that's it for now for all of us here if you want to add your sales for large correct someone in my beer think i sincerely next time kids up the. life will be back with mortars and comments on what's going on in and outside of russia until then stay on target and take pleasure.

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