Turkish Foreign Minister Mevlut Cavusoglu fired a shot across the bow of anyone who would try to stop his country’s drillships from operating in Cypriot waters, indicating military force would be used. Cavusoglu told the pro-government A Haber news channel that Turkey “has the right to prevent” any unauthorized drilling in waters that it says fall within its own continental shelf. Asked specifically if Turkey could use military means to stop such drilling, Cavusoglu said “of course.” Source The National Herald
President Vladimir Putin told Gazprom PJSC to turn to refilling European gas-storage facilities next month, signaling that long-awaited additional Russian supplies could be on the way. The move will “create a more favorable situation on the European energy market,” Putin said at a meeting broadcast on state television Wednesday. Source Al Jazeera
The chaos in gas and electricity markets is set to hit one group of people the hardest this winter: the four million households that use prepayment meters (PPMs).
While most people pay their bills monthly for energy they have already used, PPMs require people to pay for energy before they use it. PPMs take whatever money is in the meter and supply energy to the household. Source Open Democracy
Russia’s Gazprom has damped hopes for additional gas exports to Europe next month as the continent struggles with record prices, despite recent hints from President Vladimir Putin that more could be forthcoming.
UK and European gas prices surged as much as 18 per cent on Monday after a keenly awaited pipeline capacity auction showed no increase from Russia either through the Ukrainian pipeline system or lines passing via Poland to north-west Europe. Source FT
