Gazprom, Ukraine in talks on raising Europe gas flows
OAO Gazprom, the sole Russian exporter of natural gas, is in talks with Ukraine on boosting shipments of the fuel to western Europe via Ukraine's pipeline network, a year after cutting supplies over a price dispute.
Gazprom CEO Alexei Miller met with Ukrainian Energy Minister Yuri Boyko in Moscow today to discuss raising transit volumes to Europe next year, the state-run company said in an e-mailed statement today. No other details were provided. Gazprom supplies a quarter of Europe's gas, about 80% of which is shipped across Ukraine. It curbed deliveries in January after Ukraine rejected a threefold rise in prices, leading to shortages in countries including Germany and Italy. Ukraine has already agreed on the price for 2007 gas deliveries - $130 per 1,000 cubic meters, a third more than it eventually agreed to pay this year. Gazprom's stock advanced 0.6 percent to $11.57 at 2:30 p.m. in Moscow, valuing the company at $273.8 billion. (Bloomberg)
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.