Tuesday, June 17, 2014

BBC News - Slovakia and Ukraine agree a gas supply deal

NoBC4U Note: Going back 2 months for this one...

Slovakia and Ukraine have agreed a deal that will allow gas from Central Europe to reach Ukraine via Slovakia.

Under the deal Slovakia will reinstate a disused pipeline that will be capable of supplying 3 billion cubic metres (bcm) of gas a year to Ukraine.

Ukraine has been looking for alternatives to Russian gas, which last year accounted for around a half of its 55bcm consumption.

In April, German energy firm RWE began deliveries of gas via Poland.

Under that deal RWE can supply up to 10bcm of gas a year.

Russia has almost doubled the price of gas for Ukraine, following the toppling of pro-Russian President Viktor Yanukovich in February.

Also, Ukraine owes Russian gas firm, Gazprom $2.2bn (£1.3bn) for supplies of gas.

The two nations are in dispute over that debt and Ukrainian officials are concerned that Gazprom could just cut off the nation's supply of gas.

Complete story at - BBC News - Slovakia and Ukraine agree a gas supply deal

Cc Slovakia Supports Fascists

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