. Space Industry and Business News .




.
ENERGY TECH
Ukraine: Will pay Russian gas bill on time
by Staff Writers
Yalta, Ukraine (UPI) Sep 19, 2011

disclaimer: image is for illustration purposes only

Ukrainian Prime Minister Mykola Azarov says his country will pay its natural gas bills to Russia on time, thus avoiding a winter European supply shutdown.

Azarov gave reassurances Saturday that despite the "disadvantageous" terms of Ukraine's 10-year contract with Russian energy company Gazprom, which ties natural gas prices to oil prices, Ukraine's Naftogaz will pay its bills to its Russian counterpart on time.

About 80 percent of Russia's Europe-bound gas passes transits Ukraine. A pricing dispute and unpaid debt between Russia and Kiev in 2009 led to a brief shutdown of European gas supplies by Gazprom, causing widespread consternation in European markets.

"The gas contracts are disadvantageous, but we (will) fulfill them ... and will pay until we manage to change the contract," Azarov said at a news conference in Yalta, Ukraine, RIA Novosti reported.

Kiev is lobbying for a better gas deal with Russia. Ukraine has complained the current price of $354 per 1,000 cubic meters is far too high and that it will likely pay even more in the fourth quarter -- perhaps as much as $400 -- due to rising oil prices.

Ukrainian Energy Minister Yuriy Boyko told the Kiev television channel Inter Saturday Russian natural gas should be standing at $230 per 1,000 cubic meters. He contended Ukraine is paying more than other European countries at that price.

But, like Azarov, he gave assurances the gas price wrangling between Russia and Ukraine wouldn't disrupt Russian gas deliveries during the coming winter as was the case in 2009, RIA Novosti said.

Azarov said last week the government would dissolve Naftogaz and revise arrangements it already has with Russia. Gazprom had wanted to merge with Naftogaz, a move the Kremlin said would benefit Ukraine's recession-battered economy.

Azarov said Naftogaz could split into three separate entities as part of a restructuring set for October.

"Naftogaz will be restructured to emerge as a completely transparent natural gas production company," he said. "If Russia decides to be part of this venture -- it is welcome."

Ukraine's 10-year gas export contract with Russia, signed in 2009, has resulted in a trial on abuse-of-office criminal charges against former Prime Minister Yulia Tymoshenko, who signed the deal.

Tymoshenko's attorneys last week moved to reopen the Kiev Pechersk District Court's pre-trial investigation into her case. Attorney Oleksandr Plakhotniuk told Ukraine National Radio the court didn't include exculpatory evidence that contradicts prosecutors' assertions Tymoshenko acted recklessly, depriving the defense of being able to refer to the materials in court proceedings.

The court has recessed the case until Sept. 27.

Agreements between Naftogaz and Gazprom on boosting gas supplies were reflected in a big jump in the levels of gas imports in the first seven months of the year, Ukrainian government numbers indicate.

The State Statistics Department reported total imports jumped 73.1 percent compared to the earlier year, to 30.7 billion cubic meters of gas. Gas imports from Russia rose 62.1 percent to 28.7 billion cubic meters -- $8.6 billion in monetary terms.

The big purchases allowed Ukraine to save money because gas prices were higher later in the year and are expected to go even higher in the fourth quarter as winter nears.

Related Links
Powering The World in the 21st Century at Energy-Daily.com




 

.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries








. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



ENERGY TECH
Payout agreed over San Francisco oil spill
San Francisco (AFP) Sept 19, 2011
The owners and operators of a cargo ship that struck San Francisco's Bay Bridge four years ago causing a huge oil spill are to pay $44.4 million in compensation, under a deal announced Monday. The COSCO-Busan container ship leaked 53,000 gallons of oil after colliding with the bridge on November 7, 2007, killing thousands of birds, fish and spoiling miles of shoreline habitat. Monday's d ... read more


ENERGY TECH
New technology for recovering valuable minerals from waste rock

3D television without glasses

Personalised 3D avatars for real life

Google opening smartphone wallets

ENERGY TECH
Harris unveils new systems

Boeing Receives Additional Wideband Global SATCOM Orders

Environmental Testing of New Military Communications Satellite Completed

Lockheed Martin AMF JTRS Team Delivers Joint Tactical Radio to AFRL For C-130J And C-5 Integration Risk Reduction

ENERGY TECH
Arianespace to launch up to four satellites for DIRECTV

Space Systems/Loral Delivers ViaSat-1 Broadband Satellite to Launch Base

Arianespace to launch BepiColombo spacecraft

NASA unveils new launcher design for Mars missions

ENERGY TECH
Honeywell Unveils New Version of ViewPoint

Northrop Grumman Introduces New Marine Gyro-Based Inertial Navigation System

Lawmakers question WHouse role in wireless project

House Committee Questions Cost Of GPS Interference From Proposed LightSquared Network

ENERGY TECH
Italy's Finmeccanica says to cut 1,200 aviation jobs

Airbus aims to dominate China market

IATA ups 2011 airlines profit outlook, 2012 weak

Asia short on pilots: Boeing

ENERGY TECH
RIM shares fall on disappointing results

RIM shares fall on disappointing results

Spin pumping effect proven for the first time

Ferroelectrics could pave way for ultra-low power computing

ENERGY TECH
Japanese meteorological firm to launch satellite to track Arctic sea ice

ERS satellite missions complete after 20 years

Northrop Grumman to Complete Advanced Technology Microwave Sounder for Joint Polar Satellite Systems

GIS Finds its Way to The Cloud

ENERGY TECH
China shuts factory after violent pollution protests

Greenpeace teaches civil disobedience

Greenpeace back to Canada roots for 40th anniversary

China shuts US plant over lead poisoning scare


Memory Foam Mattress Review
Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News
.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2011 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal 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. 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. Privacy Statement