GAZPROM VS UKRAINE: DEBT $3.508 B
OAO Gazprom says Ukraine's debt for Russian natural gas supplies amounts to $3.508 billion, including unpaid deliveries for March and April.
Gazprom will be delivering "strictly prepaid amounts of gas to Ukraine, starting from June."
Alexey Miller, chairman of Gazprom's management committee, met on May 16 in Amsterdam with Andrey Kobolev, chief executive officer of Naftogaz of Ukraine, to discuss the issue.
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BLOOMBERG - While Europe as a whole gets more than a third of its gas from Russia, that share is lower in the U.K., which receives the bulk of its fuel from North Sea fields and Norway. Still, Moscow-based Gazprom PJSC was the second-biggest supplier to major industrial consumers in the U.K. last year, according to Britain’s energy regulator Ofgem.
FT - of the six LNG tankers that have made deliveries into the UK so far in 2018 three have carried cargoes originally from Russia, leading to questions about whether Moscow was gaining a foothold in the UK gas market after starting up the Yamal LNG facility in Siberia late last year.
REUTERS - So far this year, two Yamal cargoes unloaded at British terminals for domestic consumption, accounting for about a third of Britain’s 2018 LNG imports after typical supplier Qatar pre-sold the bulk of its winter output to Asia last year.
REUTERS - U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $60.77 a barrel at 0753 GMT, up 6 cents, or 0.1 percent, from their previous settlement. Brent crude futures LCOc1 were at $64.62 per barrel, down just 2 cents from their last close.