Slovakia, Ukraine to Sign Gas Supply Agreement
Slovakia and Ukraine have reached a deal that will allow natural gas from Central Europe to reach Ukraine via Slovakia.
Under the deal, which will be signed on Monday in Bratislava, Slovakia will reinstate a disused pipeline that will be capable of supplying 3 B cubic metres of gas a year to Ukraine.
Ukraine has been looking for alternatives to Russian gas, which last year accounted for around a half of its 55 B cubic meters consumption.
In April, German energy firm RWE began deliveries of gas via Poland.
In the recent months Russia has almost doubled the price of gas for Ukraine.
Also, Ukraine owes Russian gas firm, Gazprom USD 2.2 B for supplies of gas.
The two nations are in dispute over that debt and Ukrainian officials are concerned that Gazprom could just cut off the nation's supply of gas.
- » Gazprom Puts Forward New South Stream Route
- » Bulgaria's NEK Repays EUR 309 M Debt to Local Unit of U.S.-based AES Corp
- » Bulgaria’s BEH Signs EUR 535 M Loan Deal to Repay Debt to Units of AES, ContourGlobal
- » Competition Regulator Carries out Inspection at OMV Bulgaria
- » Bulgaria's Competition Watchdog Conducts Inspections at Shell, Eko
- » Noble Globetrotter II to Start Drilling for Gas off Bulgaria’s Coast in May