Gazprom says some gas still flowing to Ukraine

Wed Jan 7, 2009 5:42am EST
 
[-] Text [+]

MOSCOW, Jan 7 (Reuters) - Russian gas supplies toward Ukraine are currently running at 40 million cubic metres per day, but Kiev is not exporting these volumes and is keeping them for domestic needs, a Gazprom executive said on Wednesday.

"In a situation where Ukraine shut down its pipelines and compressor stations, our specialists are still supplying gas via (Russian compressor station) Sundzha toward Ukraine," Gazprom's deputy chief executive, Alexander Medvedev, told Reuters by telephone from Berlin.

"But this gas is not exported and remains in Ukraine," he said. Gazprom usually supplies around 300 mcm per day to Europe via Ukraine, but volumes have fallen dramatically because of a gas pricing dispute between Russia and Ukraine since Jan. 1. (Reporting by Dmitry Zhdannikov; editing by Robin Paxton)

 
Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
Citadel enters the fray

Kenneth Griffin's powerful hedge fund has waded into the case of Goldman Sachs' purloined computer code, suing three of its former employees for setting up Teza Technologies.  Full Article | Full Coverage 

Join the Reuters Consumer Insight Panel and help us get to know you better

Join the Reuters Consumer Insight Panel and help us get to know you better