Kiev turned off its Gazprom gas tap today, snubbing the Russian supplier in talks to negotiate a new contract as an interim deal expired. The two sides can’t agree on a price—Gazprom is offering $247 per thousand cubic meters, roughly a $40 discount, while Ukraine is holding out for a better bargain and more favorable terms. Reuters reports:
A particularly divisive issue is Gazprom’s take-or-pay clause that requires Ukraine to buy a certain amount of gas regardless of its needs. Other sticking points are the length of any agreement and the legal form it takes.Natural gas demand ebbs during warmer summer …read more
Source: The American Interest
