Ukraine Will Have Russian Gas, For Now
Kiev’s payment of $150 million to the Russia’s government-owned gas monopoly Gazprom will keep supplies flowing into Ukraine for at least the first quarter of 2015.
Gazprom said Dec. 31 that Ukraine’s gas company, Naftogaz, had paid in advance for 1 billion cubic meters of Russian gas, including 300 million cubic meters fuel it had paid for in December but had not used. That amount is to be shipped in January.
Russia and Gazprom have not been shy about simply cutting off the flow of gas to Ukraine for non-payment. It did so in 2006 and 2009 and again just last June. In doing so it threatened gas supplies to European Union customers, who get about one-third of their gas from Russia, half of it piped through Ukraine.
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