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Tuesday, March 25, 2008

Ukraine Threatens to Turn Off Gas Taps

Quote: Poland may experience problems with gas supplies from Ukraine as of April. PM Yulia Tymoshenko's government wants to block the transit of gas from RosUkrEnergo (RUE), which supplies a sixth of the gas used in Poland. The Ukrainian government has forbidden the state-owned Naftohaz from sending gas for RUE. As of 1 April, it can supply gas only on the Ukrainian market. RUE is the second largest gas exporter to Poland. PGNiG signed a contract with RUE for supplies of 2.3bn cubic metres of gas annually, which abides until the end of 2009. The gas passes through Ukraine. The decision could also affect Hungary, Slovakia and Romania. In 2007, Ukrainian gas pipelines delivered 11.6bn cubic metres for RUE. However,

http://www6.lexisnexis.com/publisher/EndUser?Action=UserDisplayFullDocument&orgId=574&topicId=100007539&docId=l:764561830&start=33

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