Thursday, 1 September 2011

PM: Ukraine Plans Two-Thirds Cut In Natural Gas Imports From Russia Due To Price

KIEV, Ukraine -- Prime Minister Mykola Azarov says Ukraine is planning to reduce imports of Russian natural gas by two-thirds because the price is too high.
Azarov said Tuesday that Ukraine has no choice but to increase coal production over the next few years to make up for Russian gas shipments.

Kiev is seeking to revise a gas agreement with Moscow, signed by the previous government in 2009.

Former Prime Minister Yulia Tymoshenko is on trial for abusing office in signing the contract.

She denies the charges, claiming they are politically motivated.

Ukraine is Russia’s key route to export gas to Europe, but Moscow has been anxious to cut its reliance on Ukrainian pipelines.

Kiev’s move could prompt Moscow further to pursue other export routes.

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