Russia, Ukraine, EU Continue Negotiations over Gas Prices
Three-party gas negotiations between Russia, Ukraine, and the European Union will continue on Tuesday in Brussels after the sides failed to reach an agreement on Monday.
The main issues are Ukraine's gas debt and the future prices. Gazprom has warned that if Kiev doesn't repay its USD 5.2B debt, it can stop the delivery.
Meanwhile, Russia has set a new price of USD 485 per 1,000 cubic meters, amending the previously agreed USD 285, in response to the ousting of the former President Viktor Yanukovych.
Russia also obliged Ukraine to pre-pay its import of gas starting June.
European Commissioner for Energy Guenther Oettinger revealed that the sides had long talks on Monday, which lasted into the night, but still many questions and differences in positions remained, ITAR-TASS informed.
The European Union is worried about a potential gas crisis resulting from the dispute between Russia and Ukraine. It is believed that Commissioner Oettinger is trying to negotiate a middle price for the gas, to satisfy the demands of both sides.
- » Bulgargaz Demanded a 5% Increase in the Price of Gas
- » Electricity Production in Bulgaria is Growing more Slowly than Consumption
- » Kozloduy Nuclear Power Plant can Operate Until 2047
- » The Share of "Green" Energy in Bulgaria is Increasing
- » 80% of New NPPs in 2016 Are in Asia
- » Russian Company Ready to Invest in Belene NPP