russia tightens gas leash

  1. 521 Posts.
    This sort of reaction by Russia will only put more pressure on England and other European nations to secure reliable gas supplies , eg: BG takeover.
    We should see some more of this type of TO activity

    Gazprom Cuts Gas to Ukraine After Supply Talks Fail (Update2)
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    By Stephen Bierman and Henry Meyer

    Jan. 1 (Bloomberg) -- Russia halted gas deliveries to Ukraine today for the second time in three years, raising the threat of a disruption to natural-gas shipments to Europe.

    Negotiations broke down shortly before midnight after Ukraine rejected an offer from OAO Gazprom, Russia’s state gas exporter, to sell it the fuel this year at $250 per 1,000 cubic meters, and insisted that Russia also pay higher transit fees. Ukraine said today it is seeking a price of $201.

    Full story

    http://www.bloomberg.com/apps/news?pid=20601087&sid=aNJEYayobO4M&refer=home
 
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