Russia not to sue Ukraine for lowering gas imports in 2012.

By bne IntelliNews January 23, 2012
The Russian Gazprom is not going to sue Ukraine for lowering gas imports in 2012 to 27bn m3, believes the Energy and Coal Industry Minister Yurii Boiko. Boiko said Ukraine would expand Russian gas imports if the gas price becomes lower. The gas contracts of 2009 oblige Ukraine to buy at least 33.3bn cubic meters of gas annually. In 2011 Ukraine imported close to 40bn cubic meters of Russian gas. Moreover, Ukraine is set to continue to reduce purchases of Russian gas in 2013 if it does not become cheaper. In addition, Ukraine has invited a tender to select an appraiser of its gas transportation system. After estimations are over, Ukraine will send specific proposals on participation in the gas transportation consortium, minister has announced.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss