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Ukraine’s Gas Plans

Ukraine wants the gas it owes to

RosUkrEnergo to be sold to domestic industries, Kommersant reported, citing a person with knowledge of the matter in the Fuel and Energy Ministry.

The Stockholm Arbitration Tribunal ruled on June 8 that state-run energy company Naftogaz Ukrainy should restore 12.1 billion cubic meters of gas, including penalties, to RosUkrEnergo by Sept. 1. RosUkrEnergo is owned by Gazprom and Ukrainian businessman Dmitry Firtash. RosUkrEnergo may receive $830 million for the gas, according to Kommersant.

(Bloomberg)


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