AGL 34.89 Decreased By ▼ -0.31 (-0.88%)
AIRLINK 122.49 Decreased By ▼ -0.74 (-0.6%)
BOP 5.05 Increased By ▲ 0.01 (0.2%)
CNERGY 3.91 No Change ▼ 0.00 (0%)
DCL 8.11 Decreased By ▼ -0.04 (-0.49%)
DFML 43.60 Decreased By ▼ -0.62 (-1.4%)
DGKC 74.69 Increased By ▲ 0.34 (0.46%)
FCCL 24.76 Increased By ▲ 0.29 (1.19%)
FFBL 49.40 Increased By ▲ 1.20 (2.49%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.70 Decreased By ▼ -1.15 (-0.79%)
HUMNL 10.80 Decreased By ▼ -0.05 (-0.46%)
KEL 3.94 Decreased By ▼ -0.06 (-1.5%)
KOSM 7.98 Decreased By ▼ -0.02 (-0.25%)
MLCF 32.61 Decreased By ▼ -0.19 (-0.58%)
NBP 57.21 Increased By ▲ 0.06 (0.1%)
OGDC 145.00 Decreased By ▼ -0.35 (-0.24%)
PAEL 25.66 Decreased By ▼ -0.09 (-0.35%)
PIBTL 5.77 Increased By ▲ 0.01 (0.17%)
PPL 116.75 Decreased By ▼ -0.05 (-0.04%)
PRL 24.05 Increased By ▲ 0.05 (0.21%)
PTC 11.07 Increased By ▲ 0.02 (0.18%)
SEARL 58.65 Increased By ▲ 0.24 (0.41%)
TELE 7.55 Increased By ▲ 0.06 (0.8%)
TOMCL 40.80 Decreased By ▼ -0.30 (-0.73%)
TPLP 8.30 Decreased By ▼ -0.01 (-0.12%)
TREET 15.18 Decreased By ▼ -0.02 (-0.13%)
TRG 56.02 Increased By ▲ 0.82 (1.49%)
UNITY 27.76 Decreased By ▼ -0.09 (-0.32%)
WTL 1.32 Decreased By ▼ -0.02 (-1.49%)
BR100 8,593 Increased By 21.4 (0.25%)
BR30 27,230 Decreased By -45.6 (-0.17%)
KSE100 81,757 Increased By 297.5 (0.37%)
KSE30 25,906 Increased By 106.4 (0.41%)

Ukraine said Friday it would not purchase natural gas from Russia at the price offered by Moscow and would instead tap European markets as it continues its shift toward the West. Analysts called the announcement a sign that Russia's ability to use its natural resources as a weapon against uncooperative neighbours is waning - and that Europe's bid to grow its own gas supply chain is slowly starting to work.
The head of Russian gas giant Gazprom said Tuesday that he had received a request from Ukraine's state energy company to resume deliveries that were halted in November over a delivery costs row. The two former Soviet republics - locked in a bitter feud since Moscow's March 2014 annexation of Crimea - have had repeated price disputes that have occasionally resulted in disruptions of gas flows through Ukraine to Europe. Ukraine's Naftogaz state company confirmed that it had offered Gazprom a chance to be one of its "potential suppliers", but stressed it would only resume purchases at an advantageous price.
Naftogaz's business development director Yuriy Vitrenko said Russia's energy minister had proposed selling gas to Ukraine for $177 (157 euros) per 1,000 cubic metres in the third quarter of the year. "With corrections for (the fuel's) energy content, that would make the contract price at around $182 or $183," Vitrenko wrote on Facebook.

Copyright Agence France-Presse, 2016

Comments

Comments are closed.