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RWE to supply natural gas to Ukraine

  • German utility RWE (RWEOY) formally agrees to supply Ukraine with natural gas this year, the first such deal by a European energy company after Ukraine's continuing political crisis put the country's traditional supplies from Russia in doubt.
  • RWE says it will begin gas deliveries to Ukraine state-owned energy company Naftogaz via Poland immediately; the gas will be delivered at wholesale price levels, including delivery costs, but RWE does not provide an estimate of the expected volumes.
  • Separately, the head of Gazprom (OGZPY) reportedly told a European energy leader that it will continue to provide a reliable supply of natural gas to the European market.
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