<DrumBeat: January 14, 2009 The Oil Drum Higher Inventories but Demand Drop Slowing?>

82 comments on Ukrainian Natural Gas Crisis Drags On

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FrankRichards on January 14, 2009 - 8:00pm Permalink | Subthread | Parent | Comments top

Have you posted anything here except how saintly Russia is being abused at every turn by the evil evil west? I'm sincerely interested in what else you have to say about energy matters.

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dissident on January 14, 2009 - 9:50pm Permalink | Subthread | Parent | Comments top

Yushchenko insists on gas price of $205 for Ukraine
21:35 | 14/ 01/ 2009

WARSAW, January 14 (RIA Novosti) - President Viktor Yushchenko has insisted that Ukraine should pay $205 per 1,000 cubic meters for Russian gas and said the price for Slovakia should be no higher than $218.

"Subtracting the transit fee from the price Germany pays for Russian gas, the gas price for Ukraine should be $205 at the entry point in 2009," said Yushchenko, currently on a one-day working visit to Poland.

Russian energy giant Gazprom earlier said that since Ukraine had refused an earlier preferential price of $250 per 1,000 cubic meters it would now have to pay "the average European market price of $450-470."

Polish President Lech Kaczynski supported his Ukrainian counterpart saying that "the gas crisis that has swept Europe is linked to Russian policies."

Gazprom gave the go-ahead on Tuesday morning to resume gas deliveries via Ukraine, halted January 7 over a dispute with Kiev. However, no Russian gas was delivered through Ukraine to European consumers leading Moscow to accuse Kiev of blocking the gas deliveries.

Yushchenko denied on Tuesday that Kiev was blocking Russian gas transits to Europe or stealing gas, following a failure by Russia to make a test delivery through Ukraine.

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Truth hurts, don't it sunshine.

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fluffy on January 15, 2009 - 4:28am Permalink | Subthread | Parent | Comments top

Of course, if you fully believe in lassiez faire economics then the market price for the Ukraine is whatever it can get Russia to agree to in return for Russia being able to access its export markets. Simply a case of using a negotiating position.

Of course, had the western countries/EU spend the last decade doing constructive things - helping build up the economies of ex soviet bloc countries, building nuclear plants, eventually moving towards adding Russia to the EU, then this problem wouldn't be happening.

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82 comments on Ukrainian Natural Gas Crisis Drags On

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