Subscribe free to our newsletters via your
. Oil and Gas News .

European natural gas supplies at winter levels, Gazprom says
by Daniel J. Graeber
Moscow (UPI) Jun 27, 2013

Russia ready to use yuan or ruble for Chinese gas deals
Moscow (UPI) Jun 26, 2013 - The head of the accounting department at Russian energy company Gazprom says there's no risk in using either Chinese or Russian currencies for gas transactions.

"In regard to using the yuan or rubles in accounting, we are basically ready for that, we think that this is completely normal," Gazprom finance chief Andrei Kruglov said. "There are no risks for Gazprom, except for minor transaction expenses."

One Chinese yuan traded Thursday for 5.4 Russian rubles.

Russian Energy Minister Alexander Novak had said gas payments would be made in U.S. dollars. The Finance Ministry is considering switching to the ruble for export goods.

First deliveries from a 30-year contract signed between China and Russia in May would start with the delivery of 1.3 trillion cubic feet through a Russian gas pipeline to China as early as 2018.

Gazprom has sought entrance into the growing Asian market in an effort to diversify an asset base tied to a European economy still struggling to grow. Ongoing disputes over gas debt in Ukraine, which transports the bulk of Russian gas supplies to Europe, adds another layer of risk to Gazprom's consumer foundation.

European consumers serviced by Gazprom are getting natural gas at levels they'd normally get during the winter, the company's chief executive said Friday.

Gazprom CEO Alexei Miller said the volume of gas to Europe is more than sufficient to meet demands. Gazprom, he said, is helping address the shortage of natural gas extraction from European countries.

"We have been able take advantage of these circumstances, as we have enough resources and transportation capacity," he said Friday.

Gazprom meets about a quarter of the gas needs of the European market. Most of that runs through a Soviet-era gas transmission network in Ukraine.

The company said this week gas supplies were moving through Ukraine according to its contractual obligations. Earlier this month, Gazprom said it wouldn't send gas to Ukraine unless it was paid in advance.

Gazprom says Ukraine is billions of dollars in debt. Gas debt rows in 2006 and 2009 caused natural gas supply disruptions in Europe.

Gazprom is trying to add a layer of diversity to its transit options with its South Stream gas pipeline though southern Europe. European leaders have balked at the project and are moving on their own strategies to get gas from alternate suppliers in the Caspian region.

Natural gas moving through Ukraine, Russian energy company says
Moscow (UPI) Jun 26, 2013 - Russian energy company Gazprom said Thursday it's sent 9.7 billion cubic feet of natural gas through Ukraine within the last 24 hours.

Gazprom spokesman Sergei Kupriyanov said the amount of gas sent across Ukrainian territory was in line with the company's contract with Ukrainian energy company Naftogaz.

The amount of gas delivered through Ukraine has been consistent so far this week, the spokesman said. It's increased, however, from the 6.5 million cubic feet sent across Ukraine on June 18.

Gas shipments to Ukraine were halted June 16 when Gazprom said it needed to be paid in advance by its Ukrainian counterparts.

Gazprom meets about a quarter of the gas demands from Europe, though most of that runs through the Soviet-era transit network in Ukraine. Gazprom says it's owed billions of dollars in outstanding gas debt from Ukraine and similar rows in 2006 and 2009 resulted in gas shortages for Europe.

June meetings between Russian, Ukrainian and European authorities focused on settling the debt issue.

Gazprom says those negotiations are ongoing.


Related Links
All About Oil and Gas News at

Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks DiggDigg RedditReddit GoogleGoogle

Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

House passes measure they say would lower gasoline prices
Washington (UPI) Jun 27, 2013
The House of Representatives passed a measure it says would help lower gasoline prices by expanding access to domestic energy resources. H.R. 4899, the so-called Lowering Gasoline Prices to Fuel an America that Works Act, passed through the House in a 229-185 vote Thursday, largely along party lines. The bill's supporters said it would help U.S. consumers and small businesses who ... read more

Malware aims at US, Europe energy sector: researchers

Net energy analysis should become a standard policy tool

New voluntary measure aimed at protecting U.S. energy from cyberattacks

Zimbabwe switches $1.3 bn China power tender: minister

Israeli companies order Aura's power generation system

Study helps unlock mystery of high-temp superconductors

Cambridge team breaks superconductor world record

Researchers developing cheap, better-performing lithium-ion batteries

A Win-Win-Win Solution for Biofuel, Climate, and Biodiversity

Water-cleanup catalysts tackle biomass upgrading

In Austria, heat is 'recycled' from the sewer

Genome could unlock eucalyptus potential for paper, fuel and fiber

Angry scenes as Japan's TEPCO shareholders demand end to nuclearw

Fukushima operator eyes wholesale power market in Europe: report

Westinghouse Extends New-plant Market with Specialized Seismic Option

Single Optical Fiber Combines 100s Of Sensors To Monitor Harsh Environments

No further action on climate change could cost billions, EU says

Report sees hefty cost of climate change on US economy

Differing patterns of climate change in the North and South

Al Gore joins Australian mining tycoon in climate change plan

Google Android software spreading to cars, watches, TV

Toyota names price for new fuel cell car

NMSU PACE team develops mobile transportation device

Hybrid Vehicles More Fuel Efficient In India, China Than in US

Iran is sending drones, weapons to Iraq: report

Iraq PM warns against exploiting militant offensive

Caught between government and militants, Iraqis despair

Despite jihadist drive, Mideast colonial borders seen intact


The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.