Ukraine cancels gas supplies from Russia in pricing row

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(Business New Europe – bne.eu – bne IntelliNews – July 2, 2015) Ukraine suspended Russian natural gas purchases on July 1, citing its inability to secure from Gazprom a heavily discounted price for the third quarter of the year. Henceforth, the country’s state-owned monopoly Naftogaz will rely on supplies from the European Union, and claims that volumes bought from EU […]

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Ukraine Seeks New Russia Gas Deal as Military Tensions Rise

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(Bloomberg – bloomberg.com – Elena Mazneva – June 9, 2015) Ukraine needs to negotiate a new natural-gas deal with Russia just as the conflict between the two countries risks escalating again. A gas-price agreement with Russian exporter OAO Gazprom expires at the end of the month and Ukraine requires fuel to replenish stockpiles before the winter. At the same time, […]

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Russia 2014 Gas Exports Seen Lowest in Decade as Nations Cut Use

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(Bloomberg – bloomberg.com – Elena Mazneva – January 13, 2015) Russia, the world’s biggest natural-gas exporter, probably cut 2014 fuel exports to the lowest in a decade as consumption in Europe and Ukraine declined. OAO Gazprom (GAZP), the state-run gas-pipeline export monopoly, supplied no more than 195 billion cubic meters of fuel from Russia to the European Union, Turkey and […]

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Ukraine approaches energy crisis

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(Business New Europe – bne.eu – bne IntelliNews – December 3, 2014) Ukraine still has to pay for more than 1bn cubic meters of natural gas that it needs in December, worth some $385m, outgoing energy minister Yury Prodan said on December 2, as a cold spell hit the country. Power generators are introducing rolling outages to cut consumption because […]

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Gazprom proposes to pay for gas transit with Ukrainian debt

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(Russia Beyond the Headlines – rbth.ru – Alexei Lossan, RBTH – October 6, 2014) Russian gas monopoly Gazprom has proposed to pay for gas transit through Ukraine using debt owed by Ukraine’s national oil and gas company Naftogaz. According to experts, this decision is advantageous for Kiev, since it will speed up the renewal of gas supplies to Ukraine. Gazprom […]

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Russia cuts Ukrainian gas supplies

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(Business New Europe – bne.eu – June 16, 2014) Russia’s state-owned Gazprom cut Ukraine’s gas supply off at 10 a.m. Moscow time for failing to pay its bills after talks broke down ahead of a June 16 deadline. “This decision was taken due to systematic failure of Naftogaz Ukraine to pay,” Gazprom said in a statement. “The debt of the […]

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