Ukraine says it won't pay "political price" of Russian gas

Ukraine's prime minister says his country won't pay the high "political price" Russia is demanding to keep natural gas flowing in, and refuses to make a down payment on its gas debts until a new price is negotiated.

Gazprom (OGZPY) has demanded that Ukraine settle $3.5B it owes for gas deliveries; if it does not do so by June 2, Russia has said it will demand prepayment for supplying any more gas to Ukraine.

EU energy chief Günther Oettinger has acted as a mediator between the two sides, setting up several meetings this month to break the deadlock, but he is beginning to show some exasperation with Ukraine's failure to pay part of its bill for gas that already has been delivered.

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Comments (6)
  • Rseye
    , contributor
    Comments (1212) | Send Message
    In this scenario ,, nat gas lower or higher ? Thanks
    28 May 2014, 05:53 PM Reply Like
  • Yokyok
    , contributor
    Comments (327) | Send Message
    wish I could get russia to pipe free gas into my neiborhood
    28 May 2014, 06:17 PM Reply Like
  • mextexdad
    , contributor
    Comments (3) | Send Message
    The United States has a long history of backing unsavory actors in other countries. Probably not doing ourselves any favor in the long run.
    28 May 2014, 09:43 PM Reply Like
  • Sakelaris
    , contributor
    Comments (2680) | Send Message
    The original neo-con line was that Russia would be desperate to do a gas deal, that Russia HAD to get money, that its economy could not take this standoff. If that was ever true, the China deal changed things completely, and so now Ukraine will have to do the best it can in negotiations with Russia.


    So...this is not a good time for Ukraine to continue its military campaign in the Donetsk and Lugansk areas. And the pictures from their attacks on the cities there are horrifying.
    28 May 2014, 10:09 PM Reply Like
  • jeepnsam
    , contributor
    Comments (54) | Send Message
    Ukraine is now the "bad guy". Nice play Putin $RSX $RUSL
    28 May 2014, 11:21 PM Reply Like
  • Blue22
    , contributor
    Comments (449) | Send Message
    Please! Russia and China a years away from the basic technology or production facilities to construct a massive pipeline system from the Arctic to China. Are you kidding me? First, I haven't seen any international agreements granting Russia the rights to drill the Arctic, endangering a delicate, critical environment on property that does not belong to Russia.


    The conditions we faced building the Alaskan pipeline years ago should be a serious warning. Arctic conditions are beyond existing technology for drilling or even pipeline construction! Another Putin fantasy.


    Ukraine has the same massive gas play under their own territory that runs under Russia and is the source of the filthy oil and gas the bastards sell to Ukraine and most of Europe, despite off the scale sulfur content. In order for Russian oil and gas to get to its Eastern and Western European customers the complex pipelines must run through Ukraine. JUST TELL PUTIN THAT UNLESS HE WITHDRAWS HIS THUGS AND STOPS THE INSANITY YOU WILL ORDER YOUR MILITARY TO SHUT DOWN ALL PIPELINES UNTIL FURTHER NOTICE!


    The US has the technology to quickly drill and develop the Ukrainian gas and oil plays and help them nationalize and modify the existing gas lines to start pumping Ukrainian gas and oil to all the areas in East and West Europe. That cuts Putin's economy in 1/2 in less than a year and puts Gasprom and other companies into bankruptcy. That is how to play hardball with Russia!


    You might be thinking: "Won't Putin invade?" No. Not if all the Eastern European countries who currently pay five time the international market price for gas and oil join with Ukraine in the international courts and commit their combined military forces with Ukraine with the support of NATO and the US.
    29 May 2014, 05:34 AM Reply Like
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