Gas Conflicts Between Russia and Ukraine

Gas Conflicts Between Russia and Ukraine A chronology of economic disputes over natural gas supplies and Ukraine's debt for gas deliveries March - April 1994 January 2001 January 2006 Gazprom cuts gas supplies to Ukraine from 114 mln m to 40 mln m3 per day Itera (the gas supplier at the time) announces that it will cut off all gas supplies. Gas was delivered to Ukrainian consumers but Itera called it "an unauthorized diversion Gazprom cuts off gas supplies. Ukraine begins withdrawing gas intended for European consumers Reasons for $600 mln debt $64.2 mln debt Lack of agreement the conflict (the parties could not agree on price) January 2009 March 2008 October 2007 On January 1, Gazprom cuts off all gas supplies to Ukraine and to Europe on January 7 after Ukraine refuses to transit Russian gas to Europe Gazprom cuts gas supplies to Ukraine by 25% Gazprom announces it will cut gas supplies if Ukraine fails to pay its debt. The parties negotiate a compromise and gas supplies are not interrupted Lack of $1.5 bln debt, agreement unauthorized gas $1.3 bln debt in 2009 consumption in 2008 280 The conflict was resolved 259,7 on January 19 Russian gas supplies to Ukraine and the prices 228,8 April 2010 - Price, $ per 1,000 m3 After gaining office, Viktor Yanukovych initiates a proposal for a revised gas pricing formula. Appendices to the gas contract are signed, resulting in increased import volumes and a discounted price 179,5 Supplies, bln m³ 130 95 50 50 50 56,2 45 59 54,8 34,3 37,6 37,8 36,5 26 2003 2004 2005 2006 2007 2008 2009 2010 2011 RIANOVOSTI © 2012 wwW.RIA.RU