Sun, Apr 06, 2014 - Page 6 News List

Ukraine in emergency talks on gas

PASSING GAS:The EU is considering ‘reverse flows’ of gas back down pipelines after Russia twice raised its gas tariff for Ukraine, almost doubling it in three days

Reuters, KIEV and LONDON

“With the seizure of Crimea, Moscow now could argue the rebate is no longer valid, hence raising the gas tariff to levels more normal in the region,” the source said. “This is, I would imagine, something Kiev may contest in arbitration as it didn’t hand over Crimea voluntarily.”

Russian gas meets about one-third of EU demand. About 40 percent flows through Ukraine, with the rest sent to Germany via the Nord Stream pipeline under the Baltic Sea or in the Yamal Europe pipeline through Belarus and Poland.

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