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    The Day: Pitfalls in Ukraine’s energy sector

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Summary

“Russia ought to guarantee Ukraine a certain amount of gas pumped through the pipeline every year, so the EU customers can get the agreed-upon amounts of gas. Ukraine has gas transit commitments while having no adequate guarantees from Russia and EU.”

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The Day: Pitfalls in Ukraine’s energy sector

Talks on lower gas prices for Ukraine appear to have entered a phase that doesn’t serve the Russian monopolist’s interest. “There will be no Christmas gifts, Gazprom’s CEO Aleksei Miller summed up the talks with Energy and Coal Minister Yurii Boiko.

In other words, the two monopolists won’t sign a gas agreement before the end of December. This U-turn in gas rhetoric makes one wonder about the reasons. Quite recently the same Russian functionaries promised to make a deal before the New Year. Was it because the Ukrainian side turned out to be less agreeable to the imperial tone Russia is accustomed to adopting, even in a dialog?

If so, Russia’s expectations of Ukraine’s quick surrender (including its national interests) in return for cheap gas supplies proved ungrounded.  HERE

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