Gas dispute close to end
Published: 19 January, 2009, 02:39
Russia and Ukraine are due to sign a gas deal on Monday, which will allow the two sides to resume transit of Russian fuel to European customers.
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Ever since the gas dispute began Ukraine has been saying it has sufficient gas reserves to survive the row. But it seems Ukraine is already suffering from shortages.
Russian President says that an irrevocable letter of credit given out to Ukraine by a major European bank could serve as a guarantee for Russia until a final deal in the gas dispute is reached.
Russia and its partners are reaching agreements that may finally unblock gas supplies to Europe. At the same time Moscow is also forging ahead with planned pipeline routes that will bypass Ukraine.
Russia’s Prime Minister Vladimir Putin has agreed upon principles for a gas consortium with the heads of Italy’s Eni, Gaz de France and German Ruhrgas.
Ukraine’s Naftogaz has requested Gazprom to hand over 21 million cubic metres of gas daily if the Russian company wants transit to Europe resumed, RT’s sources in Ukraine say.
17.01.2009, 14:00
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“The current gas crisis can be used by Europe as an excuse for pushing forward projects, like the Nabucco pipeline, which could stop Russia being one of their providers,” said Pavel Sorokin from the Unicredit Aton bank.
Gazprom has switched on the gas taps to Europe via Ukraine, ending a dispute that has left millions without heat for weeks.
Russia says that Ukraine is deliberately blocking the resumption of gas supplies to Europe through its territory. Gas supplies to at least 15 countries have either been cut off completely or severely reduced.
Russia and Ukraine have signed a gas deal on Monday which will allow the two sides to resume transit of Russian fuel to European customers. Gas will soon start moving to Europe after it enters Ukraine's pipelines.
Several European countries have had their deliveries of gas through Ukraine cut off, a situation which the EU describes as “unacceptable”. Gazprom says Ukraine's energy company has shut off a number of pipelines.
Published: 19 January, 2009, 02:39
Russia and Ukraine are due to sign a gas deal on Monday, which will allow the two sides to resume transit of Russian fuel to European customers.