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16.11.2009, 14:56

Russia, EU sign early warning memorandum on gas supplies

Russian Energy Minister Sergei Shmatko and EU Energy Commissioner Andris Piebalgs signed a document outlining procedures for ensuring energy security in future gas crisis.

16.11.2009, 14:54

Russian toll roads to be cheaper than in Europe

In his address to the parliament last week, President Dmitry Medvedev urged the government to tighten control over infrastructure projects, especially road construction.

Headquarters of Gazprom building in Moscow (AFP Photo / Yuri Kadobnov) 16.11.2009, 14:04

Gazprom sets itself to become Singapore’s gas supplier

The President of Singaporean industrial conglomerate, Keppel Corporation, Chiau Beng Choo, believes Gazprom may become an exclusive supplier of liquefied natural gas to Singapore.

18.06.2009, 22:08 1 comment

Parties meet on Ukraine gas debts as storage volume concerns mount

Ukraine is looking to get $4 billion dollars from Europe to assist in buying Russian gas. Naftogaz Ukraine has seen net losses increase 80% year on year in the first quarter of 2009, and needs money to pay its debts.

30.04.2009, 22:25

EU Commission seeks to downplay Ukraine gas transit rift

The European Union has no intention of isolating Russia from the process of upgrading Ukraine's gas pipeline network. But Moscow is concerned the involvement of Brussels may result in higher gas transit fees for Russia.

24.03.2009, 16:01

Putin condemns EU deal on Ukraine gas pipelines,

Russian Prime Minister, Vladimir Putin, has condemned the signing of an agreement between the EU and Ukraine on overhauling Ukraine's gas pipelines, saying it is meaningless without Russian involvement.

23.06.2009, 14:46

Ukraine gas payments: Russia ‘reserves the right to act’

Prime Minister Vladimir Putin has reiterated Russia's position saying it reserves the right to act, if Ukraine fails to make gas payments, claiming Ukraine has enough money to pay for gas from its international reserves.

08.10.2009, 09:04

Naftogaz and Ukraine skating on thin ice over next Gazprom payment

European power giant GDF says it will increase its gas reserves, after Ukraine admitted it would have trouble paying its next Gazprom bill and fears of another round of gas disputes mount.

07.12.2009, 22:42

Contracted gas volumes not trigger for new new Ukraine gas dispute

Gazprom’s position on payment for contracted gas volumes will not trigger a dispute with Naftogaz of Ukraine this winter, warming the outlook for European consumers dependent on uninterrupted supplies of Russian gas.

01.01.2010, 17:27

Russia has gas conflict back-up plan

Russia says it’s made significant concessions to Ukraine, so it has no excuse to cut gas pipelines to Europe this winter. But Energy Minister Sergey Shmatko says precautions are still in place.

EU and Russia take steps to shield consumers from gas cutoffs

Published: 16 November, 2009, 16:57
Edited: 18 November, 2009, 20:23

Ukraine, Izmail (AFP Photo / Sergei Supinsky)

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TAGS: Markets, Russia and the global economy, Finance, Gas


The European Union says gas consumers won’t suffer if Ukraine starts another transit war this winter.

Kiev blocked transit pipelines from Russia last January in a payment row, leading to power cuts across the EU. But Energy Commissioner Andris Piebalgs says they've agreed ways to avoid Ukraine altogether.

AP: “Our gas storages are 100% full, we've increased all types of switching opportunities for countries which can't cover gas for a very long period. We also have emergency plans if they are needed. On the Russian side I believe there are also plans for increasing supply from other pipelines if there is a problem with one of them. During January there will be more gas flowing through the Yamal Europe pipeline. So it is important that both sides reunite and that the final consumer does not feel threatened at all.”

RT: Are Russian claims that the EU promised to lend Ukraine $1 billion correct?

AP: “It has never been a situation that we will pay for gas consumed in Ukraine. It is not an option for us.”

RT: A Progress Report you signed today calls for moving EU-Russia energy relations to "normal market conditions". What exactly does that mean?

AP: “These are the measures we are looking for. That the market is more investment friendly, there have also been very much appreciated steps of inviting European companies to the Yamal Peninsula, because we believe from the EU side that the involvement of EU companies in upstream and midstream could be very helpful not only for us, but also for Russia.”

Read also – Russia Takes Effort to Prevent Another Gas War with Ukraine

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16.11.2009, 14:56

Russia, EU sign early warning memorandum on gas supplies

Russian Energy Minister Sergei Shmatko and EU Energy Commissioner Andris Piebalgs signed a document outlining procedures for ensuring energy security in future gas crisis.

Vladimir Putin (R) speaks with Slovenian Prime Minister Borut Pahor at the Novo-Ogaryovo residence outside Moscow on November 14, 2009 (AFP Photo / RIA Novosti / Pool / Alexey Nikolsky) 16.11.2009, 22:29

PM meeting cements Russia Slovakia energy ties

Russia and Slovakia are working on an energy pact embracing oil and gas, nuclear power and infrastructure projects.