Monday, November 11, 2013

Gas Crisis 2013 : Ukraine completely terminate the purchase of natural gas from Russia and Gazprom .

Gas Crisis 2013 : Ukraine completely terminate the purchase of natural gas from Russia and Gazprom .

Ukraine Friday completely suspend purchases of natural gas from "Gazprom " .
 Central control center of the energy system of Russia on 8 November stopped the import of Russian gas to Ukraine , and today Kremlin spokesman Dmitry Peskov confirmed that on Saturday unannounced visit was Ukrainian President Viktor Yanukovych, who has spoken with his counterpart Vladimir Putin.
No official confirmation of the shutdown supply nor Russia nor Ukraine.
Only emergency payouts wait long to " Gazprom " of $ 882 million for gas supplied in August and more than $ 1 billion for gas in October with 6% interest will correct the problem.
For now transit through Ukraine to Bulgaria is not affected .
Ukraine's gas storage facilities are overcrowded .
Ukraine pays Russia about $ 400 per 1,000 cubic meters of gas - one of the highest rates in Europe and want cheaper fuel and better conditions in the contract , such as the elimination of the term " take-or- pay " .
In October " Naftogas of Ukraine " received an average of 104 million cubic meters of gas per day, but by the beginning of November purchases have fallen by half , and on November 6 and 7 have reached 9 million cubic meters , just before stop of 8 November .
Deputy Prime Minister Yury Boiko , recently said that Ukraine will minimize the purchase of Russian gas.
Chance Ukrainian "Naftogaz " to be able to find the required amount is not large, ITAR- TASS reported.
 Now the Russian company under the terms of the contract in 2009, can proceed to the principle of pre- payment.
Ukrainian sources believe that " Naftogaz " is not able to pay before December 15, the advance payment for gas will significantly complicate relations between Ukraine and Russia.
Last chance was to increase the authorized capital of "Naftogaz" through the issuance of bonds of internal government loan or signing an additional agreement with Russia to postpone the date of payment , without the introduction of pre- payment.
"Naftogaz" is unlikely to be able to find loans in Russia.
 Other experts predict that "Naftogaz" is moving toward bankruptcy.
In the event of bankruptcy of " Naftogaz " Ukraine could split the assets between the new players - private gas companies.
This may prevent the signing of a European integration and lead to problems with gas transit to Bulgaria .

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