EU Commission Proposes that Companies Store Gas in Ukraine
The European Commission has made a new proposal that could prevent gas supplies from disruption in case of a prolonged Russian-Ukrainian standoff.
Its idea involves purchases of Russian gas by Europe's top consumers (which means leading companies) and storage of the resource into Ukraine's depots, according to Russian agency RIA Novosti.
Deliveries would thus be ensured for next winter, according to EU officials.
Gas flow via Ukraine is now put into question, as Kiev refuses to pay its mounting debts to Russia's energy concern Gazprom. The country therefore runs a risk of becoming unable to receive even transit supplies.
In April, it stopped pumping gas into storage facilities on its own.
In response to EC's proposal, some companies were reported by Novosti as demanding guarantees that the gas they would buy from Russia could not disappear from inside the depots. Brussels has not yet provided them, according to the source.
Ukraine and Russia's dispute over gas payment has come to a deadlock, as Kiev does not have at disposal the necessary funds to pay the debt.
- » Bulgarian Energy Group BEH Places EUR 550 M Eurobond Issue - Minister
- » Bulgaria Says Gas Link with Romania to Be Completed in Autumn 2016
- » Ukraine, Romania, Bulgaria to Test Bi-Directional Gas Flows by Year's End
- » Moody's Upgrades Bulgarian Energy Holding's Rating
- » Iran Looking into Bulgaria's Nuclear Offer
- » Bulgarian PM Mulls Cabinet Reshuffle
We offer fresh cut bank instrument for lease/sale, such as BG, SBLC, MTN, Bank Bonds, Bank Draft, T strips and other. Leased Instruments can be obtained at minimal expense to the borrower compared to other banking options and we also discount/monetize BG's.
This offer is open to both individuals and corporate bodies.
If in need of our services, contact me for detail information.