Energy Sector

EU feels first gas pinch in Russia-Ukraine row

Budapest/Brussels - The European Union reported the first impacts of the ongoing Russian-Ukrainian gas row on Friday evening as three member states in Central and Eastern Europe reported falling gas pressure in their pipelines.

Pipeline pressure is down in the main pipes leading from Ukraine into EU members Hungary, Poland and Slovakia, the Czech Republic's energy envoy, Vaclav Bartuska, told Deutsche Presse-Agentur dpa. The Czech Republic currently holds the EU's rotating presidency.

"It is so far only a decrease in pressure. The volumes (being delivered) remain the same ... The Ukrainian side told us that volumes will be down tomorrow (Saturday)," Bartuska said.

Czech official: pressure down in gas pipelines on EU border

Prague - Pressure began to drop Friday in pipelines that supply Russian natural gas to the European Union at the bloc's border with Ukraine, a result of Russia's cut in gas delivery to Ukraine that began Thursday, a Czech energy official said.

"It is so far only a decrease in pressure. The volumes remain the same," Czech Republic's energy envoy Vaclav Bartuska told Deutsche Presse-Agentur dpa. He said that the pipeline pressure was down on Ukraine's border with Poland, Slovakia and Hungary.

Neyveli Lignite to raise Rs 1750 crore through issue of bonds

Neyveli Lignite to raise Rs 1750 crore through issue of bondsNeyveli Lignite Corporation, a government-owned lignite mining company, has decided to raise Rs 1,750 crore through issue of bonds in order to meet capital expenditure requirement for presently running projects.

The directors of the company at its meeting on December 26, 2008 permitted to raise Rs 500 crore by issuing secured non-convertible taxable bonds and Rs 1,250 crore through debt.

Ukraine warns Gazpom - gas deliveries could be "confiscated"

Ukraine warns Gazpom - gas deliveries could be "confiscated" Kiev  - Ukraine's government on Friday upped the ante in its natural gas conflict with Russia, informing the Kremlin's ongoing gas shipments to Europe might well be "confiscated."

The absence of a contract between Russia and Ukraine for gas deliveries and transfers onward to Europe makes any gas shipped by Russia into Ukraine technically "of unknown origin," and so subject to confiscation by the Ukrainian government, wrote Oleh Dubina, chairman of Ukraine's Naftogaz Ukrainy gas trading company.

German gas distributors say they'll have enough gas

German gas distributors say they'll have enough gas Berlin - Gas suppliers said Thursday they foresaw no shortage of gas in Germany, western Europe's biggest gas importer, despite Russia cutting gas supplies to its western neighbour Ukraine.

"Our customers can count on reliable deliveries," said Martin Weyand, chief of the BDEW German utilities federation.

Ukraine asks EU to mediate as Russia cuts off the gas

Ukraine asks EU to mediate as Russia cuts off the gasMoscow/Kiev - Kiev asked the European Union to mediate in a standoff with Russia on Thursday after gas export monopoly Gazprom fully cut supplies of Russian gas to Ukrainian consumers, in turn threatening disruptions in deliveries to Europe.

A joint statement signed by Ukrainian President Viktor Yushchenko and Prime Minister Yulia Tymoshenko made public early Thursday morning said their country had asked the EU to mediate the dispute, and promised supplies to Europe would continue "uninterrupted."

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