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Ukraine Promises Smooth Russian Gas Transit to Europe
Rig Zone ^ | August 11, 2014 | Reuters

Posted on 08/12/2014 11:28:17 AM PDT by thackney

kraine state gas grid Naftogaz said it would continue uninterrupted pumping of Russian gas exports to Europe through its territory even if Ukraine imposes its own sanctions on Russia.

"Naftogaz affirms its readiness to continue smooth transit of natural gas to European consumers," Chief Executive Andriy Kobolev said in a statement on Monday.

Ukraine Prime Minister Arseny Yatseniuk said last week that parliament would debate sanctions against Russia on Tuesday, which could include bans on Russian gas and sanctions against Russian banks.

Russia halted gas supplies to Ukraine in June due to disagreements over pricing, but Russian gas transit through Ukraine to Europe was unaffected. Russian gas accounts for about a third of Europe's gas needs, and about half of that amount passes through Ukraine.

(Excerpt) Read more at rigzone.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Russia
KEYWORDS: energy; naturalgas; pipeline; ukraine
excerpt for Reuters
1 posted on 08/12/2014 11:28:17 AM PDT by thackney
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