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2015-05-04 11:55:00

UKRAINE IS POSED AGAIN

UKRAINE IS POSED AGAIN

Ukraine is poised again to rely most on Russia for its gas, diminishing demand from the West and driving down prices that are already at a five-year seasonal low.

Imports from the European Union (EU) will drop because Russian gas is now competitive, according to state-run NAK Naftogaz Ukrainy. Flows from Slovakia, the EU's biggest supplier to Ukraine, may fall by a quarter from May, Tomas Marecek, the chairman of Slovak grid operator Eustream, said Friday.

European prices for next winter will drop at least 9% by October as liquefied natural gas (LNG) flows expand, Russian supplies swell and demand weakens, according…

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Tags: EU, RUSSIA, GAS, UKRAINE, PRICES, LNG
Chronicle:
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