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Archive for January 15th, 2009

EU to attend gas summit in Moscow

Posted by the Editor on January 15, 2009


News /15 January 2009 | 17:30 

 EU to attend gas summit in Moscow

The Russian and Ukrainian governments have confirmed that they will hold talks in Moscow on Saturday.

EU Energy Commissioner Andris Piebalgs and Czech Energy Minister Martin Riman will attend, the commission says.

No gas is flowing via Ukraine to Central and Eastern European countries, some of which are rationing gas amid cold weather and diminishing reserves.

German Chancellor Angela Merkel warned that Russia could damage its reputation as a reliable energy supplier if the row continued.

She is due to meet Russian Prime Minister Vladimir Putin in Germany on Friday.

In a late-night phone call on Thursday, Ukrainian Prime Minister Yulia Tymoshenko agreed with Mr Putin that their two governments should meet at the weekend, her side said.

But, after high-level talks in both Moscow and Kiev, Slovak Prime Minister Robert Fico said he could not see how the two sides could be reconciled any time soon.

“I cannot imagine what would have to happen within 24 hours, or 48 hours, for the gas transit to resume,” he said.

“It is practically impossible. The conditions laid by one and the other side are so contrasting that this simply cannot work,” he told a news conference.

EU governments are becoming exasperated at Russia and Ukraine for failing to resolve their row, despite an apparent agreement to resume transit supplies of gas, reached on Monday, correspondents say.

Russia shut off gas supplies to Ukraine on New Year`s Day, amid a contractual dispute over debts and prices.

It continued pumping gas across Ukraine to European customers, but then halted those supplies after accusing Kiev of siphoning some off.

The European Commission has warned Russian and Ukrainian gas companies that they could be sued for failing to meet their obligations.

Legal action is under way in Serbia, Hungary and Bulgaria, says the BBC`s Nick Thorpe in Budapest.

 

Top EU officials plan to join Russia and Ukraine in high-level talks in Moscow to resolve the gas crisis, according to BBC. 

 

 

 

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Europe says Russia compromised its reputation

Posted by the Editor on January 15, 2009


News / 15 January 2009 | 16:40

Europe says Russia compromised its reputation

Russia has lost its reputation of a reliable gas supplier to the EU after it had stopped delivering gas to some European countries for several days.

Fatih Birol, economist general of the International energy agency, made a statement during a press conference in Madrid.

As a reminder, Russia suspended gas transit via Ukraine on January 7, 2009.

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Exchange policy at foreign exchange market of Ukraine should become stabilize, Yulia Tymoshenko is convinced

Posted by the Editor on January 15, 2009


News / 15 January 2009 | 15:50

Exchange policy at foreign exchange market of Ukraine should become stabilize, Yulia Tymoshenko is convinced

Prime Minister Yulia Tymoshenko considers sheer increase in dollar rate against the hryvnia a scale speculation. She disclosed at a meeting with governors and mayors of region centers on issues of opposing the global financial crisis.

The Head of Government stressed that dollar can’t exceed 6-6.5 hryvnias at foreign exchange market of Ukraine. “I am sure that dollar rate will become stabilize because such absurdity with dollar rate couldn’t be. Dollar rate can be 6-6.5 at most. No other economy accounts for – 9, 10, 11 – this is just a scale speculation,” Yulia Tymoshenko said.

At the same time the Prime Minister expressed hope that high living standard of the people could be successfully ensured by dollar rate stabilization and changing the National Bank leadership and standardizing the current prices. So, according to her, it is necessary to refrain from social raises introduced last year.

Government portal

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Ukraine names its price for gas

Posted by the Editor on January 15, 2009


News / 15 January 2009 | 15:00

Ukraine names its price for gas

Ukraine names its price for gas

Ukraine believes that the gas price between $192.6 and $218 (with transit tariff of $2.47) for ths cu m in the first quarter of 2009 is reasonable, Bogdan Sokolovski, president’s representative on energy issue told a briefing Thursday.

“Taking into account the agreements achieved during the meeting between Ukraine’s and Russia’s president in February of the last year, the economically grounded prices for gas is between $192.6 and $218 (with transit tariff of $2.47) for ths cu m in the first quarter of 2009,” Sokolovski said.

As a reminder, Gazprom stated that after Ukraine’s refusal to accept special price of 250 USD it is going to supply gas at the market price of 450 USD.

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Ukraine confirms plans to involve U.S. in modernizing gas pipelines

Posted by the Editor on January 15, 2009


News / 15 January 2009 | 14:10

Ukraine confirms plans to involve U.S. in modernizing gas pipelines

The Ukrainian Foreign Ministry confirmed on Thursday Russian media reports that Kiev was planning to involve the United States in modernizing its Soviet-era gas pipeline network, RIA Novosti informed.

The Russian daily Izvestia reported Wednesday that under a strategic partnership charter signed between Ukraine and the United States, Washington would help the ex-Soviet republic modernize its worn-out gas pipelines.

The paper added that both Russia, which transits about 80% of its gas supplies to Europe via Ukraine, and the European Union had long been concerned over the poor state of the Ukrainian gas pipes and were prepared to invest in their repairs, but Kiev had resisted outside involvement in its gas network.

“The charter indeed has provisions on the involvement of the U.S. in modernizing the Ukrainian gas transportation system. The charter stipulates specific mechanisms of energy cooperation, primarily, the start of work of a bilateral working group on energy security and a closer dialog between Ukraine, the U.S. and the EU over enhanced energy security,” the ministry said.

The Foreign Ministry also said Ukraine was interested in finding investors for the modernization of its gas transportation system that would not advance any political demands and would not attempt to exert political pressure on Ukraine.

Deputy Foreign Minister Konstantyn Yeliseyev said on Wednesday Ukraine needed 2.5 billion euros ($3.3 billion) to modernize and expand its gas transportation network.

Ukraine and Russia have been embroiled in a bitter gas dispute over gas prices and a new contract on natural gas supplies, which resulted in the suspension of gas supplies to Ukraine on January 1. Russian energy giant Gazprom cut off supplies to Europe a week later saying Ukraine was stealing gas intended for EU consumers.

Following mediation by the EU, the two sides agreed to resume supplies, but deliveries have not restarted, with each side blaming the other over the impasse.

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Party of Regions hopes to dismiss Tymoshenko in February

Posted by the Editor on January 15, 2009


News / 15 January 2009 | 13:20

Party of Regions hopes to dismiss Tymoshenko in February

MPs from the Party of Regions do not eliminate the dismissal of Tymoshenko’s government in February. “I think, in February the dismissal is quite possible, “deputy party leader Anna Herman told journalists Thursday.

According to her, the faction keeps holding talks with representatives of other political forces.

As a reminder, the Party of Regions faction stands for immediate resignation of the government and for the impeachment.

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Naftogaz again refuses to transit Russian gas to EU- Gazprom

Posted by the Editor on January 15, 2009


News / 15 January 2009 | 12:30

Naftogaz again refuses to transit Russian gas to EU- Gazprom

Ukraine’s national energy company Naftogaz has for a third time refused to transit Russian gas to European consumers, Russian gas monopoly Gazprom said on Thursday, RIA Novosti informed.

Last night Gazprom sent Naftogaz another application for the transit of 99.2 million cubic meters of gas through the Sudzha entry point on Thursday. The volume included 13.9 million cu m of gas for Moldova, 63.1 million cu m for the Balkans and 22.2 million cu m for Slovakia.

“The response contained a refusal to transit gas over the absence of a technical gas transfer agreement for 2009,” Gazprom said, urging Naftogaz to honor its gas transit commitments.

Some 18 EU countries have been affected by the stoppage of Russian gas supplies through Ukraine, which transits some 80% of Russia’s exports to Europe. An EU-brokered deal to resume supplies on Tuesday also resulted in failure after Russia’s attempts to pump gas through the Ukrainian network were unsuccessful.

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President, Premier speak for Ukraine-Russia-EU gas Summit

Posted by the Editor on January 15, 2009


News / 15 January 2009 | 11:40

President, Premier speak for Ukraine-Russia-EU gas Summit

President Victor Yushchenko stands for holding a trilateral Ukraine-Russia-EU Summit to discuss the dispute about transit of Russian gas through Ukrainian territory to Europe, president’s press office reproted.

According to him, because Russia is a party to the dispute and therefore may not hold such a summit at its territory, good places for the meeting could become Prague, as capital of the presiding in the EU Czech Republic, or Brussels, where EU Commission headquarters is situated.

In her turn, premier Yulia Tymoshenko said that Ukraine supports initiative of Czech Prime Minister Mirek Topolanek to hold a high-level energy summit of the European import and transit countries of the Russian gas.

At her meeting with Prime Minister of Bulgaria Serhii Stanishev the Head of Ukrainian Government said that summit on the gas conflict should be held on neutral territory, “We’d like this summit to be held in a capital of any European state, not involved in the conflict to have some basis for free negotiations”.

The Prime Minister of Ukraine stressed that Ukraine is ready to provide all necessary documents concerning the gas issue and gas transit to Europe. Besides, according to Yulia Tymoshenko, Ukraine is also ready to sign a technical contract with the Russian Federation. “We are ready to spare no effort to get gas flowing to Europe,” the Head of Government stressed.

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