Russia to cut gas to Ukraine – Gazprom

Energy Trade

Ukraine, which transports 80% of Russian gas supplies to Western Europe, if Kiev does not pay over a billion dollars debt for earlier deliveries this month, according to Reuters.

“If the debt is not settled in October, Gazprom will be forced to begin to cut natural gas supplies to Ukrainian consumers,” the company said in a statement, putting the amount of debt at $1.3 billion dollars (€900 million). Gazprom today warned its European partners about existing problems with gas deliveries to Ukraine in its statement. Gazprom, the world’s largest gas producer, supplies Europe with a quarter of its gas needs via Ukraine and Belarus and its previous pricing disputes with those countries have led to significant cuts in gas deliveries for Europe. (unian.net)

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