Ukraine rejects Russia Gazprom gas price hike

[Nemo1024]

http://www.regnum.ru/news/polit/1795809.html
http://translate.google.ru/translate?hl=ru&sl=ru&tl=en&u=http%3A%2F%2Fwww.regnum.ru%2Fnews%2Fpolit%2F1795809.html

I think this is the best factual article that I've read explaining the gas relations between Russia and Ukraine, and how Ukraine has been consistently shooting itself in both feet.

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[bryant.coleman]

Ukraine's failure to pay gas debt may cut gas supply to Europe - Russia’s energy minister

Most of the gas will be diverted to the Nord Stream. So consumers in Germany and Italy will face no shortages. But I think the Eastern European countries might find themselves a bit under-supplied.

[Fdt]

I reject BTC price hike. Kindly send me BTC and I will pay you 100 USD for each 1 BTC. I think my demand is entirely logical


1NBEiNTvJa3JT74rH7QAKgmo35wngbBcQs


Attached are some graphs

[bryant.coleman]

Yatseniuk joking once again... lol.. this guy is so thick.

http://www.reuters.com/article/2014/04/28/ukraine-crisis-gazprom-idUSL6N0NK3O820140428

Ukraine ready to pay Gazprom lower price, pay off debt quickly if agreed

Ukraine is ready to pay Russia's Gazprom $268 per 1,000 cubic metres of gas and would quickly pay off its $2.2. billion debt if the state-controlled company agreed, Prime Minister Arseny Yatseniuk said on Monday.

[Nemo1024]

Ukrainian citizens will pay 56% more for gas, starting 1st of May. This is the decision reached by Ukrainian cabinet of Ministers aimed at satisfying IMF demand to qualify to receive economic help.

http://www.gazeta.ru/business/news/2014/04/30/n_6121577.shtml

Absurdity!

[bryant.coleman]

Meanwhile, business continues as usual for Gazprom. 

Gazprom to Build Pipeline to Austria as Gas Beats Tensions

http://www.bloomberg.com/news/2014-04-29/gazprom-omv-agree-on-austria-endpoint-for-south-stream-pipeline.html

As much as 32 billion cubic meters of gas a year will be delivered to Baumgarten, Austria, through a section of the South Stream pipeline, Vienna-based OMV said in a statement yesterday. The first gas deliveries are planned for 2017, under the memorandum of understanding the OMV Chief Executive Officer Gerhard Roiss and Gazprom CEO Alexey Miller signed in Moscow.

[Nemo1024]

The gas war continues, now in Europe and WTO:
http://www.forbes.ru/news/256295-rossiya-podala-v-vto-isk-protiv-tretego-energopaketa-evrosoyuza

Russia sent a complaint to WTO against Europe's "third energy pack", which might force gas producers to relinquish control over pipes on European territory.

[bryant.coleman]

Russia sent a complaint to WTO against Europe's "third energy pack", which might force gas producers to relinquish control over pipes on European territory.

Doesn't matter much. The Nord stream is in the Baltic sea, and only a small portion runs through Germany. The proposed South Stream is also around 75% outside the European territory.

[Balthazar]

Next topic will be named "Ukraine rejects blue colour of sky" 

[bryant.coleman]

This is classic:

Russia tells the US to take astronauts to the International Space Station 'with the help of a trampoline' in Ukraine sanctions row 

http://www.dailymail.co.uk/sciencetech/article-2617111/Could-American-astronauts-left-STRANDED-International-Space-Station-Space-row-intensifies-Russian-officials-warn-Nasa-transport-astronauts-trampoline.html

A deputy prime minister suggested that U.S. astronauts, who depend on Russian rockets to get to the International Space Station (ISS), use trampolines to reach it instead.

[Nemo1024]

Kiev again does not pay for the gas, after the April deadline has passed:
http://itar-tass.com/ekonomika/1172374?utm_medium=rss20

Gazprom: Ukraine fails to pay its April gas bill
http://rt.com/business/157304-gazprom-ukraine-gas-deadline/

[Nemo1024]

Ukraine refuses to acknowledge its gas debt:
http://lenta.ru/news/2014/05/08/nodebt/

Really?!

[bryant.coleman]

Lithuania gas utility says agrees on gas price reduction with Gazprom

http://af.reuters.com/article/commoditiesNews/idAFL6N0NU46E20140508

Lithuanian utility Lietuvos Dujos said it had reached a "significant reduction" in the price of gas supplied by Gazprom, a key dispute point between the Baltic state and Russia. "Lietuvos Dujos entered into an agreement with the supplier of natural gas Gazprom that involves a significant reduction in the price of natural gas imported by Lietuvos Dujos," the company said in a statement to the stock exchange in Vilnius, without disclosing the price.

Gazprom reportedly drops South Stream branch to Italy

http://www.neurope.eu/article/gazprom-reportedly-drops-south-stream-branch-italy

Russian gas monopoly Gazprom has reportedly abandoned plans to build a section of the Russian-backed South Stream gas pipeline to Italy, a day after the Russian company opted for a South Stream pipeline branch to Austria. On 29 April, Gazprom and Austrian oil and gas company OMV signed a memorandum that foresees building a section of the giant pipeline from Hungary to OMV’s Central European Gas Hub near Vienna.

[deisik]

This is classic:

Russia tells the US to take astronauts to the International Space Station 'with the help of a trampoline' in Ukraine sanctions row  

http://www.dailymail.co.uk/sciencetech/article-2617111/Could-American-astronauts-left-STRANDED-International-Space-Station-Space-row-intensifies-Russian-officials-warn-Nasa-transport-astronauts-trampoline.html

A deputy prime minister suggested that U.S. astronauts, who depend on Russian rockets to get to the International Space Station (ISS), use trampolines to reach it instead.

It is more interesting how the U.S. astronauts are going to get back to Earth from the station... Should they orchestrate a Maidan there, in space?

By the way, Ukraine refused to pay in advance for the gas supplies in June...

[bryant.coleman]

It is more interesting how the U.S. astronauts are going to get back to Earth from the station... Should they orchestrate a Maidan there, in space?

How many US astronauts are there in the ISS right now? And how many Russians are there? Here is the plan. The Americans can take the Russians hostage, and ask the Roskosmos to send a rocket to transport them to some shitty location within the US.

[Nemo1024]

Russia introduces the system of forward payment for gas for Ukraine:
http://www.bbc.co.uk/russian/rolling_news/2014/05/140508_rn_russia_ukraine_gas.shtml

While Lithuania gets significant rebates:
http://www.regnum.ru/news/economy/1799922.html

[bryant.coleman]

Russia to supply gas to Ukraine on prepaid basis from June 1

http://en.itar-tass.com/economy/730982

Russia will supply natural gas to Ukraine on a prepaid basis from June 1, Energy Minister Alexander Novak said on Thursday, May 8. “May 7 was the last day when Ukraine had to pay for the gas supplied. We have not received any payment from Naftogaz of Ukraine since March of this year. Ukraine’s overall debt for gas has reached 3,508 billion U.S. dollars up to date,” he said. In accordance with Clauses 5.1.5 and 5.8 of the contract for the supply of gas made by and between Gazprom and Naftogaz of Ukraine in 2009, failure to perform the obligations entails an automatic transition to gas supplies on a prepaid basis from June 1, 2014, Novak said.

[Nemo1024]

Russia does not preclude that gas deliveries to Ukraine will be stopped.
http://www.vesti.ru/doc.html?id=1562172&cid=6

"The main question now, is if Ukraine can use IMF-supplied loans to cover its gas debt and if those loans will be enough to cover the debt in its entirety."

[deisik]

Russia does not preclude that gas deliveries to Ukraine will be stopped.
http://www.vesti.ru/doc.html?id=1562172&cid=6

"The main question now, is if Ukraine can use IMF-supplied loans to cover its gas debt and if those loans will be enough to cover the debt in its entirety."

I just can't understand if the IMF couldn't have made a loan to Ukraine on the condition that it would pay off the debt (or some part of)?

[Nemo1024]

I would not be surprised if one of the IMF conditions was that the money were not to be used to pay Russia for its gas.