World press on failed Russian-Ukrainian gas deal (June 10-11, 2014)"Ukraine Rejects Gas Offer as Talks End Without Deal" is an article published by Bloomberg today.After Ukraine refused to play gas supply for about 20 percent below the current price, calling for new discounts, Russia and Ukraine failed to reach a deal on Russian gas supplies to Ukraine today. "The state energy company NAK Naftogaz Ukrainy will file for international arbitration in Stockholm if Russia fails to agree on the price. Ukraine could get the gas from the EU at a significantly lower price through a so-called reverse route, Prodan said. If Russia cuts the supplies, “Ukraine will employ maximum possible reverse and wait for the decision of the Stockholm arbitration,” he said," the article reads. "There’s no guarantee there will be an agreement in coming days, because the arrival of summer takes the pressure off, said Ekaterina Rodina, an oil and gas analyst at VTB Bank in Moscow. Russia has shown it’s ready to negotiate by suggesting discounts and debt-repayment extensions, while Europe and Ukraine have managed to build significant gas stock in underground storage, Rodina said. 'When all are comfortable and there is no pressing issue - - the freezing weather -- negotiations could be extended until September,' the article concludes."Russia and Ukraine Deadlocked in Gas Talks" is another article published today by the Wall Street Journal. "European partners would be able to provide Ukraine with gas at a lower price than the offer by Russian energy giant OAO Gazprom, OGZPY +0.83% he said. "The Russian Federation does not want to conclude any agreement," Mr. Prodan said after the talks. Meanwhile, Moscow insisted it had put its best, and final, proposal on the table," the article reads."'Ukraine sees the discount as insufficient and insists on a bigger one; it's not clear why," Mr. Putin was quoted as saying by the Interfax news agency. 'We think that our proposals are more than just partnership and are aimed at supporting the Ukrainian economy in this difficult time,'" the article quotes Putin as saying."'We're not out of the woods yet," said the European Union's energy chief, Günther Oettinger, who acted as mediator in the talks. 'There are differences of opinion. There are major economic interests, business interests which are at odds. In addition there's a political situation that doesn't make things very easy,'" the article quotes EU Energy Commissioner Günther Oettinger as saying.
"Ukraine Rejects Gas Offer as Talks End Without Deal" is an article published by Bloomberg today.
After Ukraine refused to play gas supply for about 20 percent below the current price, calling for new discounts, Russia and Ukraine failed to reach a deal on Russian gas supplies to Ukraine today.
"The state energy company NAK Naftogaz Ukrainy will file for international arbitration in Stockholm if Russia fails to agree on the price. Ukraine could get the gas from the EU at a significantly lower price through a so-called reverse route, Prodan said. If Russia cuts the supplies, “Ukraine will employ maximum possible reverse and wait for the decision of the Stockholm arbitration,” he said," the article reads.
"There’s no guarantee there will be an agreement in coming days, because the arrival of summer takes the pressure off, said Ekaterina Rodina, an oil and gas analyst at VTB Bank in Moscow. Russia has shown it’s ready to negotiate by suggesting discounts and debt-repayment extensions, while Europe and Ukraine have managed to build significant gas stock in underground storage, Rodina said. 'When all are comfortable and there is no pressing issue - - the freezing weather -- negotiations could be extended until September,' the article concludes.
"Russia and Ukraine Deadlocked in Gas Talks" is another article published today by the Wall Street Journal.
"European partners would be able to provide Ukraine with gas at a lower price than the offer by Russian energy giant OAO Gazprom, OGZPY +0.83% he said. "The Russian Federation does not want to conclude any agreement," Mr. Prodan said after the talks. Meanwhile, Moscow insisted it had put its best, and final, proposal on the table," the article reads.
"'Ukraine sees the discount as insufficient and insists on a bigger one; it's not clear why," Mr. Putin was quoted as saying by the Interfax news agency. 'We think that our proposals are more than just partnership and are aimed at supporting the Ukrainian economy in this difficult time,'" the article quotes Putin as saying.
"'We're not out of the woods yet," said the European Union's energy chief, Günther Oettinger, who acted as mediator in the talks. 'There are differences of opinion. There are major economic interests, business interests which are at odds. In addition there's a political situation that doesn't make things very easy,'" the article quotes EU Energy Commissioner Günther Oettinger as saying.
