Mar 05

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Gazprom says Ukraine paid another $15mn, enough for 5 days gas (RT, March 5, 2015):

Naftogaz has paid for 45.6 million cubic meters of gas which is enough to cover consumption for 5 days, according to Gazprom spokesperson Sergey Kupriyanov.

“Naftogaz has made a prepayment of $15 million for March gas supplies. Gazprom has received the sum into its payment account. This sum covers some 45.6 million cubic meters of gas, which is enough only for 5 days,” Kupriyanov said.

Currently Ukraine is accepting 10 million cubic meters of gas daily, Kupriyanov explained. Continue reading »

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Jun 23

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Russia Says Ukraine Took Gas Despite Cutoff; Sends More Tanks/Troops To Border (ZeroHedge, June 23, 2014):

The deadline passed on June 16th for Ukraine’s payment for gas already provided and upfront ‘pre-payments’ for ongoing deliveries. So what the Russian Energy Minister wants to know is how Ukraine took 3.8mcm on June 19th, 4.5mcm on June 20th, and 1mcm on June 21st. It appears Ukraine is claiming the gas supplies are reverse flow from Europe but this has not stopped Russia as The Pentagon reports more Russian troops at the Ukraine border and that they are preparing to send more tanks.

Since the cutoff on June 16th, Ukraine has ‘taken’:

  • 3.8mcm on June 19
  • 4.5mcm June 20
  • 1mcm on June 21

According to Russia’s energy minister.

As it appears Russia sends gas to Europe (via Ukraine) and Ukraine holds on to it – claiming it is “reverse flow.”

Ukraine remains open…(of course) Continue reading »

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Mar 21

Gas Talks Between Ukraine And Gazprom Cancelled, Naftogaz Chairman Detained On Corruption Probe (ZeroHedge, March 21, 2014):

Yesterday we warned that the honeymoon is over as Ukraine expects gas prices to rise 40% as Russian discounts fade. Today it appears the situation is even worse:

  • *NAFTOGAZ, GAZPROM TALKS FOR MARCH 20-21 CANCELLED: INTERFAX
  • *UKRAINE POLICE DETAINS NAFTOGAZ CHAIRMAN BAKULIN: AVAKOV
  • *UKRAINE NAFTOGAZ RAID PART OF CORRUPTION PROBE, AVAKOV SAYS

The issues up for debate, of course, are supply and pricing of gas from Russia and the payment for over $2bn of existing debt owed. While Interfax reports that this was because the Ukraine gas company executive was unable to leave the country, which now appears due to corruption allegations (“there’s corruption going on here?”) but merely exacerbates any Russian gas retaliation concerns. Continue reading »

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