Monday, March 03, 2014

Ukraine increases Russian gas imports, braces for hike

Ukraine has increased gas imports from Russia over the last few days, a spokesman for Ukraine’s gas transit monopoly said on March 3, amid warnings that state gas producer Gazprom might scrap a discount on prices.

As concerns grow over gas supplies after Russian President Vladimir Putin won parliamentary approval to invade Ukraine, analysts say Kyiv is trying to import as much gas as possible at the lower prices.

Moscow, has warned Kyiv it could lose the discount it currently gets from Gazprom due to Kyiv’s outstanding gas debt.

“We doubled our gas imports from Russia. We imported 45 million cubic metres of gas on March 1, 2014, compared with 20 million on March 1, 2013,” said Maxim Belyavsky, a spokesman for Ukraine’s gas transit monopoly Ukrtransgas..........


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