Word: naftogaz
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...Whether this truce will last, however, is anyone's guess. In a sign that it could be over already, the headquarters of the state-owned energy company Naftogaz, which answers to Tymoshenko, were raided on Wednesday by armed agents from the state security service, the SBU, which is controlled by Yushchenko. The SBU says it is investigating Naftogaz for "misappropriating" gas that belongs to private energy company RosUkrEnergy; Tymoshenko says the SBU is being used by a "corrupt group" in a fight for gas she says belongs to Ukraine. "There's no such thing as a truce between cats...
...Thursday, it looked unlikely that any sort of agreement would result from the complicated talks. Alexei Miller, from Russia's state-owned Gazprom, and Oleh Dubina, from Ukrainian Naftogaz, eventually met in Brussels after playing cat and mouse games to avoid one another in the corridors of the European Commission and the European Parliament. A planned joint press conference appeared to be canceled at the last minute when it was due to take place in a room named after murdered Russian journalist Anna Politkovskaya...
...unit price of $179 that Ukraine pays is a subsidized relic from the Cold War-era and that it is no longer offset by Ukrainian pumping services for Gazprom's clients in Europe. Gazprom wants to raise the price to $450 and also fine Ukraine's national gas company, Naftogaz, for allegedly expropriating millions of cubic meters of gas that Russia pumped through Ukraine to European clients. Naftogaz denies the diversion claims and says Moscow is using the gas issue as it has in previous years: to punish Ukraine for seeking membership in NATO and the European Union. (See pictures...
...Naftogaz and Gazprom officials are set to hold talks in Moscow on Thursday, but a solution is far from guaranteed. Russian leader Vladimir Putin has a history of exploiting his nation's vast energy supplies as a political weapon. The dive in energy prices over the past six months has hurt Russia, but it has not killed Moscow's desire to be a regional player. "With both energy markets tanking and Russia's economy hit extremely hard by the global recession, Putin probably feels he has much to gain by trying to jack up gas prices and [get] badly needed...
...nasty New Year's Eve surprise. On Dec. 31, Ukraine's new President-elect learned that Turkmenistan was abruptly cutting its natural gas supplies unless Ukraine agreed to pay more in the coming year. It only reopened the taps on January 3, after Yuri Boiko, head of Naftogaz, Ukraine's state oil and gas company, agreed to a $500 million price hike. Ukraine gets more than 75% of its natural gas from Turkmenistan and Russia, and many Ukrainians saw the hand of Russian President Vladimir Putin, who opposed Yushchenko's election, in the sudden price increase. "The empire strikes back...
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