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08.02.2008
Gazprom May Stop Delivering Russian Gas To Ukraine On February 11
Russia’s Gazprom gas monopoly may stop delivering natural gas of Russian origin to Ukraine on February 11.
Serhii Kupriyanov, a spokesman for the board chairman of Gazprom, announced this on Russia’s Vesti television channel.
Kupriyanov said that Ukraine has been receiving not only central Asian gas, but also Russian gas, since the start of 2008.
«Meanwhile, the Ukrainian side cannot explain clearly who is consuming this gas, when and who will pay for deliveries of Russian gas. That not withstanding, unregistered consumption of Russian gas is continuing and, as a result, the debt is increasing,» he said.
According to him, the price at which Russian gas has been delivered to Ukraine since the start of this year is USD 314.7 per 1,000 cubic meters
«At this moment, 1.5 billion cubic meters of Russian gas has sunk into Ukraine. Thus, the debt for the Russian gas that has been delivered since January 1 is nearing USD 500 million, and the total overdue debt on gas deliveries to Ukraine has already reached USD 1.5 billion,» Kupriyanov said.
more...
19.12.2007
Ukrtranshaz Resumes Gas Transit To Europe Via Urengoy-Pomary-Uzhhorod Pipeline
Ukrtranshaz, a subsidiary of Naftohaz Ukrainy national joint-stock company, has resumed transit of natural gas to European countries via the Urengoy-Pomary-Uzhhorod cross-country pipeline.
Ukrainian News learned this from the company press service.
The section hit by explosion on December 6 got connected to the cross-country pipeline at 10 p.m. on December 17 and transit is now resumed.
At the moment, Urengoy-Pomary-Uzhhorod is operating in a routine mode.
As Ukrainian News earlier reported, an explosion followed by a fire damaged the segment of the Urengoi-Pomary-Uzhhorod gas pipeline between Compressor Stations No. 36 and No. 37 about 2 kilometers away from the village of Tiahun (Illintsi district of Vinnytsia region) at about 19:10 on December 6.
more...
17.12.2007
Enerhoatom, Rosenergoatom Sign Cooperation Program For 2008
Enerhoatom, Ukraine's national nuclear power generating company, and Rosenergoatom, Russia's largest power generating company, have signed a cooperation agreement for 2008.
Ukrainian News learned this from the press service of Enerhoatom.
The document was signed at the 16th meeting of the Coordination Committee in St. Petersburg on December 12-13.
The program foresees almost all trends of joint work of two exploiting organizations, including in the safety of NPPs, scientific technical (engineering) support, licensing, repair, accident-prevention planning, cooperation between technical emergency centers.
Specialists of the two companies discussed in details the question of exchange of experience in exploitation, including reports on events at NPPs.
more...
10.12.2007
EU and Ukraine open aviation negotiations on Common Aviation Area
The European Union and Ukraine officially opened this week negotiations on a Common Aviation Area agreement in Kiev. The aim is to further deepen aviation relations with Ukraine following the signature of similar agreements with the Western Balkan countries and Morocco.
Vice-President Jacques Barrot, in charge of transport, said: “By sharing the benefits of the single aviation market, Ukraine and the EU will improve their relationship and create huge benefits for aviation industries and consumers. With such an agreement, we will ensure high levels of safety and security and facilitate trade and social links with a close neighbour.”
more...
06.12.2007
Ukraine Studying Appropriateness Of Importing Coal From Australia
Ukraine is studying whether it will be appropriate to import coal from Australia.
Acting Prime Minister Viktor Yanukovych announced this at a Cabinet of Ministers meeting.
"Coal will most likely have to be delivered from Australia because it has a more or less acceptable price there," Yanukovych said.
According to him, Ukraine presently mines about 80 million tons of coal per year whereas at least 100 million is presently needed to maintain the country's energy balance and meet industrial requirements.
He said that the nearest exporters of coal to Ukraine are Russia and Poland.
more...
05.12.2007
Ukraine And Russia Agree Gas Import Price Of USD 179.5 Per 1,000 Cubic Meters For 2008
Ukraine and Russia have agreed that Ukraine will buy natural gas at the price of USD 179.5 per 1,000 cubic meters at the Russian-Ukrainian border in 2008.
Russia’s Gazprom gas company announced this in a statement, a text of which Ukrainian News obtained.
The charge for transiting natural gas through Russian and Ukrainian territories will be USD 1.7 per 1,000 cubic meters per 100 kilometers if pipeline in 2008, up from USD 1.6 in 2007.
Gas imported from Central Asia will total about 55 billion cubic meters or about 73% of Ukraine total gas balance.
Most of the imported gas will come from Turkmenistan (about 40 billion cubic meters) while the remainder will come from Uzbekistan and Kazakhstan.
Natural gas has been delivered to Ukraine since 2006 in accordance with the «Agreement on Regulating Relations in the Gas Sphere» that was signed on January 4, 2006.
This agreement strictly ties the price at which natural gas is delivered to Ukraine to the price at which companies affiliated with Gazprom buy it.
In November, Gazprom signed an agreement under which it will buy natural gas from Turkmenistan at USD 130 per 1,000 cubic meters in the first half of 2008 and USD 150 per 1,000 cubic meters in the second half of the year.
The price of the natural gas will be determined by market conditions from January 1, 2009.
Gazprom is also continuing talks with Uzbekistan, which has stated its intention to raise the price of its natural gas in 2008, as well as with Kazakhstan, which is planning to raise the charge for transit of natural gas through its territory.
more...
23.11.2007
Panda Launches Line For Bottling Of Soft Drinks
The Vinnytsia-based Panda company, a large producer of beverages, has put into operation new line for bottling of soft drinks.
Hryhorii Ushakov, the company’s chair disclosed this to Ukrainian News.
According to him, the line made by Germany company Krones is capable of producing 26 million decaliters annually.
Ushakov added that the company has invested UAH 50 million into installation of a new line.
«New line is capable of bottling soda and still water, which allows not only increase production volumes but also extend the variety of products,» he said.
As Ukrainian News has reported, Panda plans to invest UAH 45 million into renovation of production facilities in 2007 to double the capacities up to 26 million decaliters.
Panda finished 2006 with a net profit of UAH 4.99 million, having increased output in comparable prices by 31.56% or UAH 24.394 million compared to 2005, to UAH 101.688 million.
more...
14.11.2007
Ukrhazbank Aiming To Increase Its Share Of Money-Transfer Market Five-Fold To 5% In 2008
Ukrhazbank, a major bank based in Kyiv, aims to increase its share of the market of money transfers five-fold to 5% in 2008.
The press service of the bank announced this in a statement, citing the deputy director of the bank's retail banking department, Serhii Savelko.
"In 2008, Ukrhazbank plans to introduce a range of organizational and technological solutions that will not only allow it to increase its share of the market of cash transfers via international systems to 5%," he said.
According to the statement, the bank will have about 1.5% share of the money-transfer market at the end of this year.
Ukrhazbank presently performs money-transfer operations via the Western Union, MoneyGram, Anelik, Contact, and Leader systems.
more...
07.11.2007
RosUkrEnergo Repays Debts To Russian Gazprom
On November 6, exclusive supplier of natural gas to Ukraine RosUkrEnergo fully repaid arrears to Russian Gazprom for gas supplied in 2007.
Gazprom disclosed this in a statement, text of which Ukrainian News has.
RosUkrEnergo also repaid debts for dividends of 2006.
The sum of the arrears is not specified.
As Ukrainian News earlier reported, on October 2, Russian gas monopoly, Gazprom, intended to reduce supplies of natural gas to Ukraine in case of nonpayment of the debt of USD 1.3 billion it owes for earlier gas deliveries.
Later, RosUkrEnergo and Gazprom signed agreement on transfer of 8 billion cubic meters of gas from Ukraine underground gas storage facilities as repayment of the arrears worth USD 1.3 billion.
According to Russian Premier Viktor Zubkov, the total debt of RosUkrEnergo made up USD 2 billion, including dividend debts.
On October 31, Ukrhaz-Energo joint venture sent USD 729 million to RosUkrEnergo fully repaying debt worth USD 929 million.
The debt of Naftohaz Ukrainy national joint-stock company to Ukrhaz-Energo joint venture is about USD 700 million.
RosUkrEnergo is the exclusive gas supplier to Ukraine.
more...
05.11.2007
World's biggest bank's boss quits
Charles Prince, the chairman and chief executive of the world's biggest bank, Citigroup, has resigned.
He will be replaced as chairman by former US Treasury Secretary Robert Rubin, while Sir Win Bischoff will serve as interim CEO.
Investor calls for Mr Prince to go have increased since the bank reported a 57% drop in quarterly profits, after losses in the sub-prime mortgage market.
He is the second head of a leading US bank to step down within a week.
The head of Merrill Lynch, Stan O'Neal, resigned after reporting heavy losses.
more...
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