Quote: Alexander Medvedev, the deputy chairman of Russian gas giant Gazprom (RTS: GAZP), told the Financial Times that the trading company RosUkrEnergo can not be excluded from the gas supply arrangement between Russia and Ukraine.
He said: "We are not finished with RosUkrEnergo. You see we have a system of long-term contracts with RosUkrEnergo in international legislation." The Financial times quoted him as saying that the companies were working intensively to avoid being in breach the terms of existing contracts.
Swiss-based RosUkrEnergo was registered in July 2004. Gazprom owns a 50% stake in the company. The remaining 50% of shares are held by Austria-based CentraGas Holding, which, in turn, is owned by businessmen Dmitry Firtash with a 90% stake and Ivan Fursin with 10% of shares.
Ukrainian Prime Minister Yulia Tymoshenko is working towards the quick exclusion of RosUkrEnergo from the bilateral gas trade between Russia and Ukraine.
This week, one of the owners of the major Ukrainian bank Privatbank, Igor Kolomoysky, told the Internet-based publication Ukrainian Truth: "I have started up negotiations to acquire a 50% stake in RosUkrEnergo and have decided to proceed with due diligence with the company." When asked about what was interesting for him in RosUkrEnergo, Kolomoisky said: "Gas contracts." In addition, the businessman attacked Tymoshenko's plans to edge the company out of the Ukrainian market.
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