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Russia to Be Ukraine's Sole Gas Provider

Published: January 10, 2014 (Issue # 1792)



  • Ukraine has ceased buying gas from Europe and will instead purchase the fuel solely from Russia.
    Photo: RIA Novosti

Ukraine has ceased buying gas from Europe and will instead purchase the fuel solely from Russia, as it offers the lowest prices, Ukraine’s energy minister said Thursday.

Russian gas is “the most profitable [supply option] for today,” said Ukraine’s Energy and Coal Industry Minister Eduard Stavitsky.

Kiev has been buying gas from Poland and Hungary over the last two years and was close to striking another gas deal with Slovakia in a bid to reduce its dependence on Russian supplies, amid political tension over Ukraine’s previous policy of gradual economic alignment with Europe.

Ukraine was expected to sign an association agreement with the European Union in November, but President Viktor Yanukovich dropped the deal at the last minute, instead striking a $15 billion aid package and gas discount agreement with Russia in December.

Russia agreed to drop its gas prices for Ukraine from $400 per 1,000 cubic meters to $268 starting January 1, in a deal between Ukraine’s state energy firm Naftogaz and Russia’s Gazprom formalized on Thursday.

The new price level must be confirmed every quarter, according to the agreement, giving financial leverage for Moscow to deter Kiev from seeking closer ties with the EU in the future.

Ukraine stopped buying European gas at the start of January, Ukrainian news agency UNIAN reported Wednesday, citing operational data from gas transmission systems in Hungary and Poland.





 


ALL ABOUT TOWN

Monday, Sept. 22


Do you love puppetry? If so, then be sure to go to BTK Fest, a five-day festival that started on Sept. 19 celebrating the art. Contemporaries from France, Belgium, the U.K. and other countries will join Russian artists to put on theatrical performances involving a variety of themes, materials and eras. Workshops and meetings are also scheduled for a chance to discuss the artistic medium in further depth.



Tuesday, Sept. 23


Marina Suhih, Director of the External Communications Department at Rostelecom North-West, and Yana Donskaya, HR Director for Northern Capital Gateway are just some of the confirmed participants of today’s round table discussion on “Interaction with Trade Unions” being hosted by SPIBA. Confirm your attendance with SPIBA by Sept. 22.


Kino Expo 2014, an international film industry convention, will be at LenExpo from today until Sept. 26. The third largest exhibition of film equipment in the world, the expo focuses on not only Russia but former Soviet republics as well.



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