Word: gazprom
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...bill is based on changes in the complex mix of gas that Gazprom supplies Ukraine. Most of it has come from Central Asia, primarily Turkmenistan, with a minor share of more expensive Russian gas. These supplies are delivered through a company called Rosukrenergo, 50% of which is owned by Gazprom. But the cold winter has seen Central Asian suppliers reduce their supplies to Ukraine, increasing the Russian share of the mix to 25% - which has sharply raised the cost of the entire package...
...Gazprom wants to be paid what it says it is owed by Monday, or else it will turn off the Russian share of Ukraine's supply - to painful effect...
...Gazprom's decisions in the marketplace are often tied to Kremlin concerns, and there could be several political and economic reasons behind the new pressure on Ukraine. Russia is unhappy at the restoration to power of Yuschenko's pro-NATO coalition following last year's snap legislative election. It is also irked by Ukraine's imminent accession to World Trade Organization membership, which would improve Kiev's ability to stand up to Russian blackmail by giving it the means to block Russia's own, coveted but much postponed entry into the organization...
...Ukraine's National Security and Defense Council (NSDC) ruled on February 1 that Ukraine's own national oil and gas company should be put back in control of the gas pipeline. But Yushchenko has yet to issue a presidential decree on the matter, and he accuses Tymoshenko of provoking Gazprom's backlash and pursuing her own interests. "Politics are being thrown big way into the Ukrainian gas market, I'm afraid," he told 1+1 Ukrainian TV station Thursday. "These politics bring along corporate interests...
...There may be an even simpler explanation for the new squeeze on Ukraine, however. "Gazprom is running out of gas reserves," maintains Mikhail Krutikhin, partner and top analysts with RusEnergy, a respected fuel realm Moscow-based analytic service. He notes that the company did not offer any supplies for sale on the most recent auction in Russia's small domestic commercial market, and explains that during its 15-year existence, Gazprom has commissioned just one new field, while rapidly depleted Soviet-era fields...