![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |
![]() by Daniel J. Graeber Moscow (UPI) Oct 12, 2015
Natural gas deliveries to Ukraine resumed at the maximum capacity after the payment of outstanding arrears, Russian energy company Gazprom said. Ukrainian energy company Naftogaz said last week it sent half of its outstanding payments to Gazprom, securing an agreement for the delivery of natural gas from Russia. As of Monday morning local time, Gazprom Chief Executive Officer Alexei Miller said the spigot was re-opened. "Gazprom launched gas supplies to Ukraine," he said. "We've received prepayment worth $234 million out of promised $500 million for October from Ukraine's Naftogaz." Trilateral talks between the European Union, Russia and Ukraine collapsed in July over pricing disputes. The Kremlin opted to keep prices for Ukraine unchanged from the second quarter, which included a $40 discount per 1,000 cubic meters purchased. Russian Energy Minister Alexander Novak said at the time that anything more in terms of discount expectations from Ukraine was "completely groundless." Naftogaz said it would stop purchasing gas from Russia for the Ukrainian economy until a new arrangement is brokered, though supplies to the European market would continue. Gas purchases from Russia are down by more than 50 percent. The energy relationship between Ukraine and Russia has been strained since at least 2006, when Ukrainian debt issues prompted Russian energy company Gazprom to cut gas supplies through the country. The European economy gets about a quarter of its natural gas from Russia, though most of that runs through the Soviet-era pipeline network in Ukraine. Nord Stream and the proposed Turkish Stream gas networks are among Russia's options for avoiding sensitive issues tied to Ukraine, while the European community is looking to Caspian suppliers like Azerbaijan as a source of gas diversity.
Related Links All About Oil and Gas News at OilGasDaily.com
|
|
The content herein, unless otherwise known to be public domain, are Copyright 1995-2024 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. All articles labeled "by Staff Writers" include reports supplied to Space Media Network by industry news wires, PR agencies, corporate press officers and the like. Such articles are individually curated and edited by Space Media Network staff on the basis of the report's information value to our industry and professional readership. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. General Data Protection Regulation (GDPR) Statement Our advertisers use various cookies and the like to deliver the best ad banner available at one time. All network advertising suppliers have GDPR policies (Legitimate Interest) that conform with EU regulations for data collection. By using our websites you consent to cookie based advertising. If you do not agree with this then you must stop using the websites from May 25, 2018. Privacy Statement. Additional information can be found here at About Us. |