Breaking News

Russell 2000 Small-Stock Index Falls 10% From Record Closing High in March
Tweet TWEET

Ukraine Denies Taking Russia’s EU-Bound Gas During Cold Snap

Ukraine’s state energy company NAK Naftogaz Ukrainy said it didn’t take any Russian natural gas bound for the Europe Union this month, rebuffing earlier comments from its neighbor.

Russian gas shipments were short by 24 million cubic meters a day when they reached Ukraine’s eastern border over a 3-week period, Naftogaz said today in an e-mailed statement. Deliveries averaged 110 million cubic meters a day in that time, it said.

OAO Gazprom, Russia’s natural-gas export monopoly, said on Feb. 2 that Ukraine was taking “significantly” more fuel than contracted. Russia reduced gas exports to parts of Europe in early February during a spell of freezing weather, according to the EU.

Naftogaz fulfilled its transit obligations, Naftogaz’s Deputy Chief Executive Officer Vadym Chuprun said in the statement. Ukraine’s gas transportation system is efficient and reliable, he said. Gazprom should provide for necessary gas reserves in Ukrainian underground storage facilities to avoid “problems”, Chuprun said.

Pipelines being built by Russia to bypass Ukraine won’t ensure stability of supply at times of seasonal fluctuations, according to Naftogaz.

To contact the reporters on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.