GAZPROM UKRAINE GAS THREAT – EU SUPPLIES WARNING – RUSSIA
November 1st, 2005
BY KEITH NUTHALLA ROW between Russian gas monopoly Gazprom and the Ukraine over transit payment arrangements is threatening to disrupt vital gas deliveries to western Europe. Gazprom wants to end a barter system, where it supplies the Ukraine about 23 billion cubic metres of gas annually for transporting supplies westwards. Instead, it wants the Ukraine to pay for the gas, which it can on-sell to European customers, a move being resisted by Kiev. Gazprom has warned the European Commission that the standoff could threaten supplies, a crucial issue given it plans ...
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