KEYWORDS TODAY:   BSPMalaysia Airlines Crash in Eastern UkraineKTB

HOT: » Bulgaria's government expected to resign this week

Gazprom To Abolish Special Pricing Of Gas For Ukraine

World | March 4, 2014, Tuesday // 16:34| Views: 684 | Comments: 3
  • Send to Kindle
Bulgaria: Gazprom To Abolish Special Pricing Of Gas For Ukraine Photo by BGNES.

Russian energy giant Gazprom has decided to scrap the special pricing regime it is holding for Ukrainian gas supplies.

The reason is that Kiev is "not delivering on its obligations" to the company, Alexey Miller was quoted as saying by the Russian agency ITAR-TASS.

At a meeting with Russian Prime Minister Dmitry Medvedev, he explained that whereas Ukrainian debt to Gazprom was USD 1.529B, the country has so far paid only 50% of its supplies for last year, which means its liabilities are set to rise further.

Mevedev described the decision as fair, but added that he had asked Russian Finance Ministry to consider the possibility of a new loan to Ukraine which could be used by Kiev to make its gas payments.

Earlier, the new Ukrainian leadership already asserted that the debts to Gazprom have been accumulated by the previous government and that the country will soon be ready to remit a USD 400M tranche of what it owes to the Russian gas company.

World » Be a reporter: Write and send your article
Tags: Gazprom, Ukraine, gas supplies, Russian Prime Minister, Dmitry Medvedev
Expats.bg All Are Welcome! Join Now!

Leave a comment


» To the forumComments (3)
#3
Ironic - 5 Mar 2014 // 14:33:55

" Russia real gross domestic product growth has already slowed from 5.1 percent in 2011 to just over 1 percent in 2013. Car sales fell by 5.5 percent in 2013, despite the Russian government's introduction of subsidized auto loans.

If that weren't bad enough, European demand for natural gas -- about 30 percent of which comes from Russia -- has been steadily falling since 2010. Additional supply could come on line in the coming years from the U.S. and Israel at the same time as Russia expands its own production capacity. The net effect will be a glut that will lower prices and further reduce Russia's access to hard currency."

Looks like the US and Israel will have many European customers in the next few years.

"Thanks for invading Ukraine Russia". - Uncle Sam. LOL

#2
independent - 5 Mar 2014 // 12:33:36

Anybody not see that coming?

#1
Yane - 4 Mar 2014 // 20:28:57

Enjoy the coming winter! :)

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