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Thursday, March 20, 2008

The Man Behind the Middlemen

Quote: Tymoshenko has led the charge to squeeze Firtash out of this position, alleging corruption.

Cheered by Western authorities who questioned the gas trade’s transparency, Tymoshenko is inching closer towards claiming victory against Firtash, whom she has repeatedly singled out by name as her target.

She convinced Gazprom to remove a RosUkrEnergo subsidiary, UkrGazEnergo, from monopolizing gas supply to Ukrainian industry.

But in the March 12 agreement she leaves it up to Gazprom to decide how long RosUkrEnergo remains as a supplier of gas to Ukraine.

Meanwhile, many of Firtash’s businesses, such as chemical factories, a growing web of gas trading companies in Eastern Europe and a venture to build gas-powered generators to export electricity to Europe, are dependent on access to competitively priced natural gas.
If Tymoshenko succeeds in completely squeezing Firtash out, the billionaire’s big plans could run out of gas.

http://www.kyivpost.com/nation/28638/

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