Official: Russia-Ukraine-E.U. gas talks can be held on September 16

Russia-Ukraine-E.U. gas talks can be held on September 16 in Vienna, aide to the chairman of Ukraine’s energy company Naftogaz Ukrainy Yury Vitrenko said late Tuesday. “We have talked with Klaus-Dieter Borchardt, a representative of the European Commission’s energy department. According to him, the working date for the meeting is September 16,” Vitrenko said, adding…

Gazprom Ready to Offer Gas Price Discount to Ukraine

Gazprom is ready to offer Ukraine a gas price discount of $100 before an arbitration ruling, Russian Energy Minister Alexander Novak said on Friday, according to ITAR-TASS. Russia’s current gas price for Ukraine stands at $485.5 per 1,000 cubic meters. The minister said this proposal was consistent with the effective gas contract between Russia and…

Marketwatch: These countries have the most to lose if Russia shuts the gas valve

As winter nears and tensions in eastern Ukraine mount, Russia is giving several European Union countries yet another reason to worry about the conflict between the two: natural gas. Finland, Estonia, Latvia, Lithuania, Romania and Bulgaria receive 100% of their natural gas imports from Russia, the Energy Information Administration said Wednesday. Romania and Bulgaria receive…

Ukraine not to suspend Russian gas transit

Ukraine will not stop Russian gas transit, Energy and Coal Industry Minister Yury Prodan said. “Never in its existence had Ukraine stopped Russian gas transit,” Prodan said, adding that “the transit depends on Gazprom.” “European companies have contracts with Gazprom. European traders and energy companies have no contracts with the Ukrainian operator,” he said. On…

Natural Gas Europe: Conundrum for Baltics: Will Russia Cut off Gas Supply in Retaliation?

Amid Russian embargo in retaliation of the EU and US sanctions against Russia in the wake of a downing Malaysian airliner, part of the Baltics’ political highest echelons are increasingly worried that the jarred Eastern neighbor can resort to killer-measures against the Baltics,  which would be turning off the Gazprom gas faucets. The acutely surfaced…

Lithuania and Poland have asked the European Union to cover up to 75% of the costs of a gas link between the two countries

The link is a part of an EU plan to end the energy dependency of the three ex-Soviet Baltic states, which currently rely on Russia for all of their natural gas imports. “The submission of a joint applications for the EU support is an important step into the implementation of the project aimed to integrate…