Word: gas
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...those who experienced the bite of the cold during Russia and Ukraine's gas row last winter, they can only hope an agreement between the two sides is not as far off as Khabarovsk is from Brussels...
...Read: "Russia-Europe Gas Spat Ends...
...major sticking point was Ukraine's place in the gas supply chain between Russia and Europe, and the country's role in the January gas war. In the coming months, Ukraine will have to spend $4 billion to buy the 19.5 billion cubic meters of gas it requires to fill its storage reservoirs before the cold comes again. But how it will afford the purchase from Russia remains unclear. "We have doubts about the solvency of Ukraine," Medvedev said, according to Russian news agency Interfax. "We are ready to help Ukraine, but we would like to see much of this...
...only Russia doing this," he said. "At the end of the day, it is not us who have problems paying." Yet, observers see Medvedev's comment as more of a barb than as a viable suggestion. "I would be surprised if the E.U. felt that [helping Ukraine purchase gas from Russia] was an appropriate use of their funds," says Niall Trimble, director of The Energy Contract Company, a consulting company based in England. "In order to rebuild relations, Russia needs a period of uninterrupted supply for a significant time. Action always speaks louder than words and the Russians do have...
...Trimble acknowledges that, even amid the quarreling, the summit showed some hope: "Russia has a good track record. They were always seen as a very reliable supplier. There is no reason to believe the problems can't be resolved. I think the chances are pretty good that gas will continue...