KEYWORDS TODAY:   BUDGETWESTINGHOUSESIGMACARETAKER GOVERNMENTKTB

HOT: » Bulgaria's President is holding political consultations with party leaders after GERB's decision to withdraw its support from the 2014 budget update

EU Commission Proposes that Companies Store Gas in Ukraine

Business » ENERGY | May 16, 2014, Friday // 12:05| Views: 1126 | Comments: 1
  • Send to Kindle
Bulgaria: EU Commission Proposes that Companies Store Gas in Ukraine The EC's latest proposal comes amid tensions between Ukraine and Russian energy company Gazprom over Kiev's refusal to pay gas debts. Photo by EPA/BGNES

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.

Energy » Be a reporter: Write and send your article
Tags: EC, EU Commission, Russian, Kiev, Ukraine, gas
Expats.bg All Are Welcome! Join Now!

Leave a comment


» To the forumComments (1)
#1
Duanejoe5609 - 18 May 2014 // 16:39:29

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.
Thank you,
Mr.Joe Duane
email:jduane076@gmail.com
Joeduane@consultant.com

Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria