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Russia said the natural gas supply that runs through Ukraine to Western Europe was completely shut down while a dispute over a gas bill continues. Russia's gas giant Gazprom contends that Ukraine owes more than $600 million on its bill mostly for late fees and that Ukraine's energy company Naftogaz had been siphoning gas intended for Europe out of the pipeline. Russia and Ukraine blamed each other for the shut down, CNN reported Wednesday. Naftogaz said Russia cut off the supply line.
A dispute between Russia and Ukraine over natural gas deliveries has triggered widespread supply issues in Europe. Russian cut deliveries to Ukraine Jan.
A European Union delegation headed to Ukraine after nine countries reported natural gas supply problems due to Ukraine's dispute with Gazprom over a bill. Nine countries, including Turkey, Poland, Hungary, Romania and Bulgaria, have reported pressure drops in natural gas pipelines between 5 percent and 30 percent.
Ukraine's state gas company Naftogaz said Saturday it was not stealing from Russia's Gazprom, despite the latter company's claims. Russia cut off gas supplies to Ukraine Thursday after negotiations over Kiev's outstanding $2 billion natural gas bill and a new contract failed late on New Year's Eve.
Russia's energy giant Gazprom said it would receive the bulk of Ukraine's natural gas bill payment by Jan. 11, but critical issues remain outstanding. Gazprom cut off Ukraine's supplies New Year's Day. Gazprom spokesman Sergei Kupriyanov said Ukraine's payment of $1.5 billion would arrive Jan.
Russian energy giant Gazprom cut off Ukraine's natural gas supply Thursday when talks about a 2009 energy contract failed, the company said. In a statement, Gazprom said, Gas deliveries in the Ukraine direction were reduced by 90 million cubic meters per day, the equivalent of a day's supply of gas for the country, The New York Times reported. Russian Prime Minister Vladimir Putin warned Ukraine of serious consequences, if the country siphoned off any of the remaining supply in the pipeline...
A billing dispute between Russia's natural gas giant Gazprom and the Ukraine government could turn into a winter delivery problem for Europe, the company said. Gazprom is doing everything possible to avoid any disruption of gas deliveries to Europe, Gazprom deputy chairman Alexei Miller wrote in a letter to European clients recently, the EU Observer reported Tuesday. However, if events develop along an unfavorable scenario, the problem of Ukrainian transit will be a common problem for Russia...
South Korea may opt for an undersea pipeline to receive Russian natural gas if North Korea refuses an overland route, says the state-run gas company's head. The plan to build an underwater pipeline came up during talks with Gazprom President Alexei Miller and experts at Russia's Pacific Ocean Institute in Vladivostok last week, Choo Kang-soo, head of Korea Gas Corp., said Wednesday to the Yonhap news agency. In September, Korea Gas announced it will import 7.5 million tons of gas annually...
Russia's energy giant Gazprom announced Saturday it will not continue to make gas deliveries to Ukraine in the absence of a new contract.
Vladimir Putin recently threatened to pull the plug on Nord Stream, the sub-sea pipeline that will transport gas from Russia to Germany via the Baltic Sea. However, this is nothing more than brinkmanship from Moscow's strongman, as Russia covets the political power that such a project will bring.