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Wednesday, February 13, 2008

RUE Est Mort. Vive RUE!

Without agreement from the Russians, amending the terms is impossible. Therefore, once Gazprom is ready to reconfigure them as early as March, we will undoubtedly support this.

If Gazprom says that until year-end we go by the contracts that feature RosUkrEnergo, it’s their decision. In this case, our primary concern is the price point. And we will keep it.

— First Vice-Premier Oleksandr Turchynov

A new operation of gas supplies to Ukraine is being set up.

— Gazprom Chairman Aleksey Miller

Ukrayinska Pravda reports that, according to Miller, the plan is to have a new company replace RosUkrEnergo, as well as a new domestic trader replace UkrGazEnergo. The stakes in both companies will be evenly (50/50) divided between Gazprom and Naftogaz.

While the reinvention may rightfully help Naftogaz regain control of the domestic gas business, the question is: Who else benefits?

It remains to be seen whether the "new gas order" will cease and desist from using public
offices and property in the same old style — to create overnight fortunes for the select few.



Anonymous said...

Another initiative bites the dust as well.

"Ukraine's First Deputy Prime Minister Oleksandr Turchinov told journalists his government has no plans to raise the transit fees it charges OAO Gazprom to ship Russian gas through its pipelines, Interfax reported."


Taras said...

The Tymoshenko Cabinet must have used this initiative as a disposable bargaining chip.

In this gas war, her script seems to be "start high, you can always drop the price later."

In other words, much ado about nothing.