Εμφάνιση αναρτήσεων με ετικέτα prices. Εμφάνιση όλων των αναρτήσεων
Εμφάνιση αναρτήσεων με ετικέτα prices. Εμφάνιση όλων των αναρτήσεων
Δευτέρα, Αυγούστου 24, 2015
China stocks plunge rattles Asian markets
Τρίτη, Φεβρουαρίου 17, 2015
Oil Prices Rising, Brent Crude Now Selling for Over $62 a Barrel
On the New York Mercantile Exchange, light crude futures for March delivery were traded at $53.16 per barrel, while on London’s ICE Futures exchange Brent crude for April delivery mounted by $0.70/1.1% reaching $62.10 a barrel.
Meanwhile the talks over a new financing deal for Greece broke down Monday, sparking controversy between Athens and its creditors.
A growing uncertainty regarding the economic prospects of Greece within the bloc is predictably undermining the euro.
In contrast, the US dollar is strengthening steadily. Experts note that the trend is likely to sour oil-market sentiments; however, Brent crude has beaten its second-highest record since the beginning of the year.
[sputniknews.com]
17/2/15
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Τρίτη, Ιανουαρίου 20, 2015
Russia to lift discount for shipments of natural gas to Ukraine
The conditions of the winter package will remain in effect till the end of March, and from April 1, the discount that was provided by the Government of the Russian Federation, will cease to have effect. From April 1, gas supplies to Ukraine will be carried out strictly in accordance with the contract," said Miller.
In accordance with the winter plan, the price of Russian gas for Ukraine in November-December made up 378 dollars (given the discount to the contract price of $100 per thousand cubic meters).
http://english.pravda.ru/news/russia/20-01-2015/129561-russia_gas_ukraine-0/#.VL6NXCwYE9Q
20/1/15
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Russian gas deliveries to Ukraine and EU uninterrupted (Ukraine's Naftogaz)
No Reason to Revise Gas Deal With Ukraine in April (Alexander Novak, Russian EM)
Ukraine’s Naftogaz transfers $1.65 bln to Russia’s Gazprom under Brussels agreements
Question of gas supplies from Russia to be settled soon (Ukrainian energy minister)
EU to Continue Financial Aid Provision for Ukraine's Gas Debt Repayment (Official)
Παρασκευή, Ιανουαρίου 16, 2015
Russian oil company CEO says oil price could reach $25 per barrel
Alekpetov said that based on the latest statements from Saudi Arabia, he cannot rule out a price drop to $25. He added that he expects significant price fluctuation this year, considering that by January 15 the price varied within a 10% range.
"That has never happened before" Alekperov said.
The Organization of the Petroleum Exporting Countries (OPEC) reported Thursday the global oil demand forecast has been raised for 2015 to 92.3 million barrels per day from 92.26 million bpd. The US oil output forecast for 2015 has been raised to 13.81 million bpd from 13.72 million bpd.
The organization also said it expects decline in demand for oil from organization’s member-states in 2015 by 100,000 barrels per day to 28.8 million barrels.
After the announcement the price of Brent futures for February delivery grew by 0.7% on the Intercontinental Exchange (ICE) in London on Thursday to $49.07 per barrel.
http://itar-tass.com/en/economy/771549
16/1/15
Πέμπτη, Νοεμβρίου 27, 2014
Oil prices sink as OPEC rejects output cut
At about 16:10 GMT, West Texas Intermediate for January delivery struck $69.11 per barrel -- last seen on May 25, 2010. Brent North Sea crude for January hit $72.74, a level last witnessed on July 7, 2010.
Asked whether the oil OPEC had decided not to reduce production, Saudi Arabian Oil Minister Ali al-Naimi told reporters in Vienna: “That is right.”
He was speaking after a five hour meeting of the producer group broke up.
Kuwait’s Oil Minister Ali Saleh al-Omair confirmed the decision, saying there will bot “no change” in OPEC’s oil output.
Oil prices have fallen by more than a third since June as increasing production in North America from shale oil has overwhelmed demand at a time of sluggish global economic growth.
The cartel, whose largest producer and exporter is Saudi Arabia, will meet again in June next year, said an OPEC delegate.
Tariq Zahir, analyst at Tyche Capital Advisors in New York, said and the slide in U.S. crude could continue below $65 a barrel in coming weeks, a factor that may start to challenge the economics of North American shale oil production.
“I really think we will start getting into a price war,” Zahir said. “I think you would be a little crazy to try to pick a bottom here. I expect to see a bounce but any bounce will be sold into.”
He added trading volumes were reasonably strong on Thursday despite many U.S. traders being off for the Thanksgiving holiday.
Oil analysts said the OPEC decision left the oil market vulnerable to much bigger falls as abundant supply of high quality, light crude oil floods world markets, much of it from shale oil in North America.
“Saudi Arabia and OPEC will have to live with a prolonged period of low prices for any dent in U.S.-shale or production levels to happen,” said Harry Tchilinguirian, senior strategist at BNP Paribas in London.
[english.alarabiya.net with Reuters]
27/11/14
Τρίτη, Νοεμβρίου 25, 2014
Turkey’s energy minister to negotiate gas discount with Russia ahead of Putin’s Ankara visit
In addition to a potential revision on the price of gas, the two sides are also expected to discuss the rise in capacity of the Blue Stream, a major trans-Black Sea gas pipeline that carries natural gas from Russia into Turkey, according to a source familiar with the situation.
“This is a process. It does not seem possible for us to decrease gas prices. Negotiations over discounts on prices are always tough. We want to have what we deserve,” said a high level official from the Turkish Energy Ministry.
Any possible revision of gas prices will come into effect on Jan. 1.
“A revision may be secured, though it will be hard. Any possible revision will be announced during Putin’s Turkish visit on Dec. 1,” said another source.
Yıldız asked for a discount on the price of gas Turkey buys from Russia during talks with Medvedev at the beginning of October.
Medvedev said they were working on a detailed price package in line with Turkey’s demand for a discount on the price of natural gas.
hurriyetdailynews.com -Reuters
25/11/14
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Πέμπτη, Οκτωβρίου 30, 2014
Gazprom CEO: No gas agreement to be signed until Ukraine, EU agree on financial guarantees
He said three documents had been prepared for signing at the tripartite gas talks between Russia, Ukraine and the European Union. According to Miller, these documents are two protocols: a protocol in a trilateral format between Russia, Ukraine and the European Commission and a bilateral protocol between the European Commission and Ukraine.
“Everything concerning financial issues, concerning guarantees the European Commission is to issue to Ukraine, these liabilities will be committed to paper in a bilateral protocol,” he said. “As for out trilateral protocol, all principal provisions of this trilateral document have been agreed. A technical supplement to the contract between Gazprom and Naftogaz has also been agreed.”
“Today, the talks ended with the sides taking a break till tomorrow. But the meeting, the talks will take place only in case the Ukrainian side and the European Commission reach an agreement on that bilateral protocol,” Miller said. “If there is no such agreement, naturally, there will be no meetings, no talks tomorrow and no documents will be signed. If Ukraine and the European Commission ultimately reach an agreement, hence, these three document might be signed tomorrow - two protocols and a supplement to the contract between Gazprom and Naftogaz. Everything that concerns our documents where Russia is the side, where Gazprom is the side, all these issues have by now been agreed........................http://en.itar-tass.com/economy/757272
30/10/14
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Τετάρτη, Οκτωβρίου 29, 2014
Ukraine, Russia tackle gas crisis as tensions spike
The latest negotiations in Brussels come a day after Russia stirred tensions with its war-torn neighbor further by announcing plans to recognize the disputed leadership polls pro-Kremlin insurgents in eastern Ukraine intend to stage on Sunday.
Russian Foreign Minister Sergey Lavrov's comments drew a sharp rebuke from US Secretary of State John Kerry and coincided with a decision by EU leaders to keep sanctions in place against Moscow for its alleged meddling in Ukraine.
The former Soviet nation staged its own general election on Sunday that saw pro-European forces score a decisive victory at the expense of parties that once backed closer ties with Russia but now prefer to tread a more centrist course....................AFP......................http://www.globaltimes.cn/content/889055.shtml
29/10/14
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Τρίτη, Οκτωβρίου 28, 2014
EU energy commissioner, Ukraine energy minister discuss forthcoming tripartite gas talks
According to TASS information, the sides discussed issues of financial guarantees to Ukraine to pay for Russian gas supplies in November-December 2014.
The spokesman however refused to elaborate whether any agreement on that matter had been reached, saying only that preparatory work for the tripartite talls was underway.
After the previous tripartite gas talks in Brussels on October 21, Oettinger admitted that Ukraine needed from one to two billion U.S. dollars to be able to pay for Russian gas.
Kiev has already asked Brussels to issue short-term loans worth two billion euro but the European Commission has not yet confirmed whether that sum would be offered or not, noting that this issue would be subject of consultations in cooperation with the International Monetary Fund
[itar-tass.com]
28/10/14
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Δευτέρα, Οκτωβρίου 27, 2014
Lithuania Hopes for Energy Independence, Security With New LNG Terminal
"Klaipeda's LNG terminal will cover almost 90 percent of gas needs of Lithuania, Latvia and Estonia," Dalia Grybauskaite, Lithuania's president, said at the ceremony.
"Lithuania has managed to build the terminal alone. It took just three and a half years to implement the project. We have become a secure state in what concerns energy. It [the terminal] will become a guarantor of energy security for the whole Baltic region. We will always be able to help our neighbors in case they need it," the president said, adding that Lithuania will no longer be dependent on the "imposed gas prices".
Independence storage-vessel for the LNG terminal has the capacity of 170,000 cubic meters (approximately 6 billion cubic feet), and is leased by the state-owned energy terminal operator Klaipedos Nafta AB from Norway's Hoegh LNG Holdings liquefied natural gas services provider for the period of 10 years. Lithuania also has a contract with Norway's oil and gas company Statoil ASA to supply the terminal with LNG for five years at the prices comparable to Russian energy giant Gazprom's export to the country after this year's price reduction, according to Lithuania's Energy Minister Rokas Masiulis.
The first delivery of LNG is scheduled for Tuesday.
(RIA Novosti)
27/10/14
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Παρασκευή, Οκτωβρίου 24, 2014
Russia submits draft gas agreement to EU, Ukraine
“I gave the draft trilateral protocol agreement to our partners in Ukraine and the EU on October 21, it is under their consideration,” Novak said. “I do not have the information on what proposals our partners in negotiations are discussing. They have promised to speak them out at trilateral consultations on October 29,” Novak said.
On October 17, Russia and Ukraine agreed on the gas price of US $385 per 1,000 cubic meters for the winter and Ukraine repaying at least $1.4 billion of its gas debt before the supplies restart, however no agreement had been signed during the previous trilateral gas talks on Tuesday, as Kiev has no money to fully repay the debt.
On Tuesday, Vice President of the European Commission Gunther Oettinger said the EU will soon discuss additional short-term financial aid to Ukraine to help the country repay its gas debt.
Novak said that Russia is ready to sign a new gas agreement with Ukraine as soon as the EU provides financial guarantees for the repayment of the debt and advanced payment for further supplies.
Ukraine needs Russia to sign a legally binding document to set a fixed and unchangeable price for gas, Energy Minister Yury Prodan said.
http://en.itar-tass.com/economy/756292
24/10/14
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Europe should respond to Ukraine’s statement on gas transit guarantees. ("Ukraine grants itself the right to steal Russian gas intended for European consumers")
Novak: EU must undertake to guarantee Ukraine’s payment of debts for Russian gas
Russia doubts the legality of reverse gas supplies to Ukraine, Russian Energy Minister Alexander Novak said Tuesday....
Τρίτη, Οκτωβρίου 21, 2014
Gas talks: Negotiations to be continued next week
From the Official Website of the European Commission, Statement, Brussels, 21 October 2014:
"At today's gas talks in Brussels, Vice-President Günther H. Oettinger, built on his Berlin proposals and presented ways to secure gas supplies to Europe and the Ukraine during the winter season.
Vice-President Günther H. Oettinger said: "We made another step towards a possible solution and are close to an agreement on important elements. Others still need to be addressed, such as the financial gap."
The following cornerstones are undisputed:
- Debts: Ukraine would settle its debts based on a preliminary price of $268,5/ 1000m3 by making payments in two tranches: 1,45 billion $ by the end of October and 1,65 billion $ by the end of the year.
- New gas: Ukraine will pay $385/ 1000m3 for gas to be delivered this winter without being subject to take-or-pay obligations. The exact volume has not been agreed yet. Russia will deliver the gas following advanced, monthly payments by Ukraine.
- Transit fees: Russia guarantees the payment of the transit fees.
A new round of talks is envisaged for next week, 29 October 2014 in Brussels. Until then, the EU and Ukraine will explore ways how to close the financial gap.
A winter package is necessary as both Ukraine and Russia have referred the dispute to the international arbitration court in Stockholm and a final decision on the price and the debt is only expected next year."
http://europa.eu/rapid/press-release_STATEMENT-14-331_en.htm?locale=en
21/10/14
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Europe should respond to Ukraine’s statement on gas transit guarantees. ("Ukraine grants itself the right to steal Russian gas intended for European consumers")
Novak: EU must undertake to guarantee Ukraine’s payment of debts for Russian gas
Russia doubts the legality of reverse gas supplies to Ukraine, Russian Energy Minister Alexander Novak said Tuesday....
Πέμπτη, Οκτωβρίου 02, 2014
Date for Trilateral Gas Talks Remains Undefined: Ukraine’s Energy Ministry
"[The date] is undefined," Prodan, who held a bilateral meeting with EU Energy Commissioner Gunther Oettinger earlier on Thursday, said.
On Wednesday, Prodan said that the trilateral gas talks in the European Union-Russia-Ukraine format were likely to be held on Friday.
Later in the day, the Russian energy ministry's press service said the talks would not be held this week and that the date of the trilateral gas meeting would be determined next week.
Kiev is not happy with the winter package for Russia's natural gas deliveries to Ukraine, endorsed by Russia and the European Commission during the ministerial gas meeting in Berlin last Friday.
According to the plan, Ukraine would have to repay $3.1 billion of its gas debt to Russia and pay in advance for the delivery of five billion cubic meters of gas at a price of $385 per 1,000 cubic meters, with a discount of $100.
Kiev, however, rejects Russia's offer of the discount in the form of an export-duty exemption and wants the contract price to be reduced instead.
Ukraine also wants to agree the debt repayment schedule, as well as terms and schedules of future gas deliveries and insists on amending the current gas contract with Russia in order to formally authorize reverse deliveries of Russian gas to Ukraine from Europe.
(RIA Novosti)
2/10/14
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Τετάρτη, Οκτωβρίου 01, 2014
Ukraine-Russia-EU gas talks postponed till next week. --Ukraine’s debt for gas exceeds $5 billion
Russian Energy Ministry spokesperson also told TASS that the talks have been postponed.
Previous round of talks
After the tripartite talks in Berlin on September 26 Russia, the EU and Ukraine prepared a new package on the gas problem. The agreement should be coordinated by the governments of the countries.European Energy Commissioner Gunther Oettinger, explaining the new agreement at a press conference after the meeting in Berlin, said Ukraine must pay $3.1 billion until the end of this year to repay its debt to Gazprom for the already supplied gas. The Russian company will supply five billion cubic meters of gas to Ukraine and give an option for five billion cubic meters more. The price will be set at $385 for 1,000 cubic metres with a $100 discount (from $485 Russia previously insisted on). The discount will be in force only for the next six months.
Ukraine will pay $2 billion to Gazprom before October 2 for the supplied gas, and at least $1.1 billion until the end of 2014, the EU commissioner said. Thus, $3.1 billion must be paid until the end of this year.
Oettinger said final payment to settle the debts must be made after the arbitration consideration (no earlier than in the summer of 2015). The final settlement will depend on the court decision.
Ukraine’s debt for gas exceeds $5 billion.
http://en.itar-tass.com/economy/752259
1/10/14
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Next Trilateral Talks Over Gas to Take Place Between Russia, Ukraine, EC in October. ("Sometimes it happens that what is understood orally is interpreted in writing somewhat differently...")
Gas talks: Oettinger proposed supply agreement for coming winter
Russia, Ukraine reach interim deal on gas dispute
Ukraine’s Naftogaz calls for new gas transit deal with Russia
Τρίτη, Σεπτεμβρίου 30, 2014
Ukrainian Energy Ministry Not Satisfied With Berlin ‘Winter Plan’ on Gas
The plan envisages that Kiev repays of $3.1 billion of its gas debt to Russia and pays in advance to Gazprom for the delivery of five billion cubic meters of gas at the price of $385 per 1,000 cubic meters, with a discount of $100. The plan, intended to reduce risks for transit of Europe-bound Russian gas via Ukraine, is to be in place until late March.
Kiev, however, rejects Russia’s offer of the $100 gas-price discount in the form of an export-duty exemption and wants the contract price to be reduced instead.
Ukraine also wants to agree the debt repayment schedule, as well as terms and schedules of future gas deliveries.
Kiev also insists on amending the current gas contract with Russia in order to formally authorize the reverse deliveries of Russian gas to Ukraine from Europe.
Earlier on Tuesday, Russian Energy Minister Alexander Novak said that Russia is ready for the "Winter Plan" of delivering natural gas to Ukraine and is waiting for Kiev's reaction.
Moscow and Kiev have a long history of disputes over natural gas deliveries. In June, Russia's gas giant Gazprom was forced to introduce a prepayment system for gas deliveries to Ukraine due to Kiev's massive debt which is currently estimated at $5.3 billion.
As Ukraine is not only a consumer, but also a major transit country for Russian gas supplies to Europe, the European Union has repeatedly emphasized the importance of trilateral gas talks, the next round of which is scheduled to take place in Berlin on October 2 and 3.
(RIA Novosti)
30/9/14
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Next Trilateral Talks Over Gas to Take Place Between Russia, Ukraine, EC in October. ("Sometimes it happens that what is understood orally is interpreted in writing somewhat differently...")
Gas talks: Oettinger proposed supply agreement for coming winter
Russia, Ukraine reach interim deal on gas dispute
Ukraine’s Naftogaz calls for new gas transit deal with Russia
Russia Ready to Implement 'Winter Gas Plan,' Waiting for Kiev's Response (Alexander Novak, Energy Minister)
“It all depends on Ukraine. I believe that from our side we are practically ready to do everything that we agreed on in regard to this packet. We’ll wait for a reaction from Ukraine in the next few days when everything becomes clear,” Novak told journalists.
The “winter gas packet” is due to be sent to the Russian government for approval soon.
“First, the three parties [Russia, Ukraine, EU] need to agree during the trilateral consultations, then we’ll be able to talk about the next steps: putting it on the government’s agenda,” Novak said.
Earlier, Novak said the next trilateral gas talks were scheduled to take place in Berlin on October 2-3.
In June, Russian gas giant Gazprom introduced a prepayment system for gas deliveries to Ukraine over Kiev's refusal to pay off its gas debt that currently is in excess of $5 billion.
Gazprom's head, Alexey Miller, said that Russia insisted that Ukraine pay $2 billion of its total debt in October and another $1.1 billion by the end of the year.
Ukraine's Minister of Energy Yuri Prodan said that Ukraine would first make an advance payment of $1.9 billion for the future delivery of five billion cubic meters of gas and then pay another $1.5 billion, as part of the debt, at the end of October, followed by $800 million in November and December.
The European Union has repeatedly emphasized the importance of trilateral gas talks, fearing possible troubles with gas transit to Europe via Ukraine.
(RIA Novosti)30/9/14
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Next Trilateral Talks Over Gas to Take Place Between Russia, Ukraine, EC in October. ("Sometimes it happens that what is understood orally is interpreted in writing somewhat differently...")
Gas talks: Oettinger proposed supply agreement for coming winter
Russia, Ukraine reach interim deal on gas dispute
Ukraine’s Naftogaz calls for new gas transit deal with Russia
Σάββατο, Σεπτεμβρίου 27, 2014
Next Trilateral Talks Over Gas to Take Place Between Russia, Ukraine, EC in October. ("Sometimes it happens that what is understood orally is interpreted in writing somewhat differently...")
"First, we are currently drawing up the proposals that were presented to all the parties for uniform understanding. Sometimes it happens that what is understood orally is interpreted in writing somewhat differently. This will be done in the next few days. The Ukrainian side, the Russian side and the European Commission will each receive it [the written agreement]. We have agreed that we will meet to discuss the final package either Thursday or Friday next week,"- Novak said in an interview with the TV channel Russia-24.
What is to be decided upon is the supply of five billion cubic meters of gas within half a year and with a possible increase in volume.
- The temporary price for 1,000 cubic meters of gas will be $385 for this period.
- According to Miller, Russia continues to insist that Ukraine first pay off $2 billion from the total debt in October. Only then will Gazprom be able to immediately commence gas supplies to Ukraine. He also added that another $1.1 billion Ukraine has to clear by the end of the year and that the sum of the $3.1 billion was presented to Ukraine by the International Monetary Fund (IMF).
On September 26, the sides met in Berlin to discuss the existing issues relating to gas. According to preliminary arrangements, Russia and Ukraine will have to sign the so-called winter package of documents on Russian gas supplies to Ukraine that were cut off in mid-June.
(RIA Novosti)
27/9/14
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Gas talks: Oettinger proposed supply agreement for coming winter
European Commission, Statement, Berlin, 26 September 2014:
At today's gas talks in Berlin, Vice-President Guenther Oettinger proposed a new compromise to secure gas supplies to Europe and the Ukraine during the winter season.
Vice-President Guenther Oettinger said:
"This could be a fair deal for both sides to break the deadlock and ensure that gas supply to Ukraine and EU is assured for the coming winter."
The proposal envisages the following comittments:
- - Ukraine would settle its debts based on a preliminary price of $268,5$/1000m3 by making payments in two tranches: 2 Billion $ by the end of October and 1,1 Billion $ by the end of the year.
- - Gazprom and Naftogaz agree that at least 5 bcm based on a price of 385$/1000m3 will be delivered to Ukraine in the coming winter with the possibility for Naftogaz to order more gas if needed. 5 bcm is the minimum volume Ukraine considers it would need in the coming winter.
The details of the proposal will be discussed by both governments and may be subject to another round of trilateral talks next week.
If agreed, the proposal should be binding on both parties and complement the existing gas supply contract.
Such an interim agreement is necessary as both Ukraine and Russia have referred the dispute to the international arbitration court in Stockholm and a final decision on the price and the debt is only expected next year.
http://europa.eu/rapid/press-release_STATEMENT-14-287_en.htm?locale=en
26/9/14
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Russia, Ukraine reach interim deal on gas dispute
The EU, Ukraine and Russia held a trilateral mainisterial meeting on energy security in Berlin on Friday.
The three sides were represented by Oettinger, Russian Energy Minister Alexander Novak and Ukrainian Energy Minister Yuriy Prodan respectively. Representatives of Russian and Ukrainian gas companies also attended the meeting.
Speaking at a press conference after the talks, Oettinger said the three sides had hold intensive talks Friday and negotiated a plan to secure gas supplies in Europe for the coming winter.
- According to the "winter package" mediated by the EU, Kiev would pay 2 billion U.S. dollars to Russia by the end of October and a further 1.1 billion dollars by the end of this year to pay off gas debts.
- In return, Russia would deliver at least 5 billion cubic meters of gas to Ukraine after it has received the first 2 billion dollars. The price discussed for the gas deliveries was 385 dollars per 1,000 cubic meters.
Novak told the press conference that the three sides had made a plan as a basis to solve the gas dispute and to secure gas supplies to Ukraine and EU member states for the next six months.
Prodan said he believed Ukraine and Russia could settle questions and differences remained on issues concerning gas price and payment of the old debts.
The interim agreement has to be approved by the governments in Moscow and Kiev, and further trilateral talks were planned next week to decide on final details of the deal, said Oettinger, adding that the chances were high that all parties will endorse the agreement.
Ukraine and Russia have been embroiled in a standoff on gas pricing for a few months. In June, Russia cut all gas supplies to Ukraine as the two sides failed to reach an agreement on payments.
The EU is heavily dependent on Russia, from whom it imports a third of its oil needs, 39 percent of gas and 26 percent of solid fuels, according to official EU statistics.
Xinhua - china.org.cn
27/9/14
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Hungary halts gas sale to Ukraine on Russia fears
Gas contracts with EU provide for no gas re-export options (Alexander Novak, Russian EM)
The European Union has proposed that Ukraine pay Russia $3.1 billion to cover its debt to Russia's gas giant Gazprom, European Energy Commissioner Gunther Oettinger said Friday....
EU hopeful of gas deal between Ukraine and Russia...
Παρασκευή, Σεπτεμβρίου 26, 2014
Hungary halts gas sale to Ukraine on Russia fears
"Hungary cannot get into a situation in which, due to the Russian-Ukrainian conflict, it cannot access its required supply of energy," Orban said on state radio.
Hungary's gas pipeline network operator FGSZ said late Sept. 25 it had indefinitely suspended gas supply to neighbouring Ukraine for technical reasons, a move branded "unexpected and unexplained" by Ukraine state-owned gas firm Naftogaz.
Orban's statement followed a warning by Moscow that it could cut off European countries have been re-exporting gas to Ukraine to help Kiev through its latest energy war with Moscow.
The threat came as energy chiefs gathered in Berlin for EU-mediated talks aimed at halting a Russian gas supply cut to Ukraine that could leave parts of the war-scarred nation without heat this winter.
The European Commission rapped EU member Hungary for cutting of so-called reverse flow supplies to Ukraine.
"The message from the commission is very clear - we expect all member states to facilitate reverse flows as agreed by the European Council in the interest of a shared energy security," said European Commission spokeswoman Helene Banner in Brussels.
'Large quantities of gas needed'
The Hungarian halt in supply came days after a meeting in Budapest between Alexei Miller, head of Russian gas giant Gazprom, and Hungarian Prime Minister Viktor Orban, who often warns against damaging commercial relations with Russia.
"In the next period we will need large quantities of gas.... We will receive this, I agreed this with Alexei Miller," Orban said.....................http://www.hurriyetdailynews.com/hungary-halts-gas-sale-to-ukraine-on-russia-fears.aspx?pageID=238&nID=72227&NewsCatID=348
26/9/14
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