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2015-08-27 18:10:00

SLOW UKRAINIAN GAS

SLOW UKRAINIAN GAS

Aug 26 Ukraine's efforts to store natural gas for winter are running 1 billion cubic metres behind their pace last year, Prime Minister Arseny Yatseniuk said on Wednesday.

Ukraine has 14.1 billion cubic metres (bcm) of gas in underground storage, he said.

The country aims to store 18-19 bcm of gas before the winter heating season begins in mid-October.

"On this day last year, we had 1 billion more ... We're in talks with our Western partners to get short-term funding to pump gas," Yatseniuk said at a government meeting.

Ukraine suspended gas imports from Russia in July over pricing, leaving it dependent on domestic output and imports from Europe.

The European Bank for Reconstruction and Development (EBRD) said it was considering a $300 million trade finance loan to state-run Naftogaz to help it buy gas.

The government has ordered Naftogaz to borrow $1 billion to create a fund to finance the purchase, transport and storage of gas.

Talks have been held not only with the EBRD, but also with the World Bank and International Monetary Fund.

Ukrainian President Petro Poroshenko will travel to Brussels on Thursday to meet European Commission President Jean-Claude Juncker to discuss gas, among other topics.

Last week the Commission said it might be able to hold another round of ministerial talks with Russia and Ukraine on gas at the end of September.

reuters.com

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More: 

GAS: EFFECTIVE WEAPON 

UKRAINE WANTS MONEY 

GAS: FROM RUSSIA WITH LOVE 

RUSSIAN GAS KEY 

GAS PIPELINE GAMES 

NOT LIFE NOT DEATH 

GAS WITHOUT DISCOUNT 

EUROPE GAS DEFICIT: 50 BLN TO 2025 

GAS MARKET 2015 - 2020 

UKRAINE GAS DEBT: $29.5 BLN 

 UKRAINE'S EFFICIENT GAS MARKET

 

Tags: GAS, RUSSIA, EUROPE

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