Open

Coming up

Don't miss

Replay


LATEST SHOWS

FASHION

Paris, Haute Couture Fall/Winter 2014-2015.

Read more

REPORTERS

Exclusive: an unlikely victim of the 'War on Terror'

Read more

AFRICA NEWS

2014-07-11 21:47 AFRICA NEWS

Read more

MEDIAWATCH

Finally, a good use for new app "Yo"

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014 (part 2)

Read more

THE WORLD THIS WEEK

The World This Week - 11 July 2014

Read more

#THE 51%

Sweden: A Feminist's Paradise?

Read more

FRANCE IN FOCUS

Politics: parties under pressure

Read more

FOCUS

In Burma, the rise of radical Buddhism

Read more

  • UN Security Council calls for Israeli-Palestinian ceasefire

    Read more

  • The third-place playoff: the World Cup game no one wants to play

    Read more

  • France’s Kadri wins eighth stage at Tour de France

    Read more

  • Legal challenge to French mayor’s ban of Muslim hijab on beach

    Read more

  • Last of the Ramones, Tommy Ramone, dies aged 62

    Read more

  • Video: Outrage in wake of deadly Casablanca buildings collapse

    Read more

  • Iraqi forces ‘executed prisoners in reprisal’ for ISIS killings

    Read more

  • Ukraine promises retaliation after rebel assault

    Read more

  • Putin revives old Cuban flame and eyes Latin American minerals

    Read more

  • Kerry holds all-night talks with Afghan presidential rivals

    Read more

  • Amazon snubs French free delivery ban with one-cent charge

    Read more

  • Cleveland's NBA fans hail 'return of king' LeBron James

    Read more

  • Exclusive: an unlikely victim of the 'War on Terror'

    Read more

  • Magnitude 6.8 quake, small tsunami hit east Japan

    Read more

  • Suspect in Brussels Jewish Museum shooting drops extradition appeal

    Read more

Gazprom stresses threat to Ukraine gas supply

©

Latest update : 2008-12-28

Russian energy giant Gazprom said there was a 50% chance that Russia would cut gas supplies to Ukraine if its Ukrainian counterpart Naftogaz is unable to settle some 2 million euros worth of unpaid gas deliveries.

AFP - Russian energy giant Gazprom said on Saturday   there is a "50-50" chance that Russia will cut off gas supplies to Ukraine on January 1 over Kiev's failure to pay its debts.
   
"I think it's 50-50," Gazprom spokesman Sergei Kupriyanov told radio station Moscow Echo in an interview, when asked if Russia would cut gas deliveries or the two sides would clinch a last minute deal.
   
Gazprom says that Ukraine's state gas company Naftogaz owes it over two billion dollars for gas delivered in November and December and fines for late payment.
   
It also says Kiev has warned it will be unable to repay the debt by the end of the year as revenues from its gas consumers are insufficient.
   
This has paved the way for a showdown at New Year as Gazprom has said it will not sign a new contract with Ukraine unless the debts are settled in full.
   
Meanwhile, Norway's StatoilHydro -- Europe's second largest gas distributor after Gazprom -- said Saturday it will not be able to increase production if the Russian giant halts deliveries to Ukraine or the European Union.
   
"In winter, we're more or less at full capacity. If there is a higher demand, we cannot really produce more," corporate affairs head Ola Morten Aanestad told AFP.
   
Russian President Dmitry Medvedev told Ukraine's pro-Western government last week to pay up to the "last ruble" or face gas cuts or even sanctions against its wider economy.
   
Russian news agencies reported Saturday that Russia's Prime Minister Vladimir Putin had a telephone conversation with his Ukrainian opposite number Yulia Tymoshenko on "questions of cooperation in the energy field."
   
They quoted Russian government spokesman Dmitry Peskov as saying that the call came from the Ukrainian side.
   
Kupriyanov said negotiating efforts in the final days of the year would be focused on ways for Ukraine to pay its debts through other means, such as the transit fees that Russia pays for sending gas across its territory.
   
"In the last days of the year we are trying to find ways other than monetary ones to settle these debts," said Kupriyanov. "I hope that in the remaining days we will succeed in doing this."
   
Disputes over Gazprom's desire to raise prices for Ukraine closer to those paid by Western European customers are also holding up negotiations.
   
Ukraine currently pays Russia 179.5 dollars for 1,000 cubic metres of gas but Gazprom has warned that price could rise to 400 dollars for 1,000 cubic metres from next year.
   
"We cannot name an exact figure for 2009, but the price for Ukraine will be higher than the current level," said Kupriyanov.
   
He said if Ukraine's leaders really believed their statements that 100 dollars was an appropriate price for the gas then they could "go on the market and buy it".
   
Ukraine is a major transit country for Russian gas exports to the European Union and a dispute over gas prices led to a brief interruption of gas supplies in several EU countries in January 2006.
   
Gazprom has said it will fufill its obligations to Europe but has also warned it cannot rule out disruptions to European supplies if Ukraine siphons off transit gas during a crisis.
   
Ukraine, which has tense relations with Moscow, is expected by analysts to plunge into recession next year as a result of the economic crisis and suffers from political turmoil amid a feud between its president and prime minister.

Date created : 2008-12-27

Comments

COMMENT(S)