russias gazprom resumes gas supplies to ukraine
Last Updated : GMT 23:50:33
Arab Today, arab today
Arab Today, arab today

Russia's Gazprom resumes gas supplies to Ukraine

Arab Today, arab today

Arab Today, arab today Russia's Gazprom resumes gas supplies to Ukraine

Russia supplies around a third of Europe's gas
Moscow - AFP

Gazprom on Monday resumed gas supplies to Ukraine after receiving prepayment of $234 million (206 million euros) from Kiev, assuaging European fears about a new energy crisis ahead of the winter heating season.

The resumption of gas supplies comes as fighting in the east has largely died down, fuelling hopes that the conflict that has claimed more than 8,000 lives can be resolved.

"Gazprom began supplying gas to Ukraine at 10:00 am (0700 GMT) today," Gazprom chief Alexei Miller said in a statement.

Moscow received $234 million of the $500 million expected from Kiev, Miller said, adding that Ukraine had requested the delivery of 114 million cubic meters per day, the maximum volume of gas that could be delivered by Gazprom.

Ukraine's energy ministry confirmed the resumption of natural gas supplies, adding that the $500 million put aside by state energy firm Naftogaz should be enough to purchase 2.2 billion cubic metres of gas.

Moscow late last month agreed to resume gas supplies to Ukraine after offering Kiev a rebate, capping months of talks overshadowed by the crisis in eastern Ukraine and fears for Europe's energy security.
Russian energy minister had said that the price offered was competitive with those for the gas supplied to countries neighbouring Ukraine.

In June, Ukraine had announced it was suspending all purchases of natural gas from Russia after EU-mediated talks aimed at resolving a price dispute broke down.

Russia supplies around a third of Europe's gas, with roughly half of it flowing via Ukraine.
- 'God forbid severe cold' -
"This is a resumption of cooperation," Yury Korolchuk, an analyst with the Institute of Energy Strategies in Kiev, told AFP.

He said that 16 billion cubic metres of gas Ukraine currently had in its underground storage facilities were not enough to safely get through the winter.

"God forbid that severe cold hits us in January-February and Europe takes more (gas). This is a huge risk," he added.

"We need at least 19 billion cubic metres to pump into our storage facilities to ensure gas transit."
The resumption of deliveries could help Kiev accumulate 17 billion cubic meters of natural gas by October 21, the "absolute minimum for the security of gas transit to Europe," said analysts from VTB Capital bank.

But these reserves could not be enough if the winter is harsh, they warned.

End-of-year haggling over energy prices had been a familiar problem between Russia and Ukraine but ties collapsed altogether after a popular uprising in Kiev ousted Kremlin-backed leader Viktor Yanukovych last year.

Kiev has been seeking to diversify its supply base away from Russia after Moscow cut gas supplies to Ukraine in 2006 and 2009, interrupting transit to Europe.

Moscow hiked the price it charges Ukraine following the ouster of Yanukovych -- an event that unleashed a pro-Russian insurgency in the east of the ex-Soviet country.

With Russia slipping into recession on the back of lower oil prices and Western sanctions over the insurgency in eastern Ukraine, the economy ministry said Gazprom could produce 414 billion cubic metres of gas this year, an all-time low due to weak demand, among other reasons.

Last week Ukrainian President Petro Poroshenko said a "real truce" had begun in eastern Ukraine but that a long-lasting peace with pro-Kremlin insurgents would still take some time.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russias gazprom resumes gas supplies to ukraine russias gazprom resumes gas supplies to ukraine

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russias gazprom resumes gas supplies to ukraine russias gazprom resumes gas supplies to ukraine

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday