Energy Sector

EU eyes stakes in the latest Ukraine-Russia gas feud

EU eyes stakes in the latest Ukraine-Russia gas feudMoscow - In the annual Russia-Ukraine game of chicken over pricing for gas exports, Russia crashed the car once in 2006. This year, it showed it is willing and able to do so all over again.

Unable to reach a deal on gas pricing and transit tariffs with Ukraine before midnight on December 31, Russian gas monopolist Gazprom opened the new year with a full stop to exports to its former Soviet neighbor.

The European Union held an uncomfortable seat on the sidelines of the jousting and refused to enter the fray as long as its supplies kept flowing.

ONGC Intraday Buy Call

ONGC Intraday Buy Call Stock market analysts have maintained ‘buy’ rating on ONGC stock with an intraday target of Rs 680.

According to analysts, interested traders can purchase the stock above Rs 665 with a strict stop loss of Rs 652. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 696.

Cheaper petrol helps reduce New Zealand road toll

Cheaper petrol helps reduce New Zealand road toll Wellington - Falling petrol prices helped reduce the number of deaths on New Zealand's roads last year to the lowest figure in nearly half a century, the transport ministry reported on Thursday.

The 2008 road toll was 359, well down from 421 the previous year and 393 in 2006 and the lowest since 1959. Petrol in New Zealand is now at its cheapest for three years.

Gazprom: Talks fail, will cut off gas to Ukraine

Gazprom: Talks fail, will cut off gas to UkraineMoscow/Kiev  - Russian export monopoly Gazprom on Wednesday accused its Ukrainian counterpart of negotiating in bad faith as talks on preventing a gas embargo failed, setting the stage for a new energy crisis in Europe.

Ukrainian and Russian government representatives quit negotiations in Moscow some two hours ahead of a promised New Year's cut-off of gas deliveries by Russian energy giant Gazprom to Ukraine, as punishment for a 2-billion-dollar Ukrainian debt.

Gazprom: Talks fail, will cut off gas to Ukraine

Gazprom: Talks fail, will cut off gas to UkraineMoscow/Kiev  - Russian export monopoly Gazprom on Wednesday accused its Ukrainian counterpart of negotiating in bad faith as talks on preventing a gas embargo failed, setting the stage for a new energy crisis in Europe.

Ukrainian and Russian government representatives quit negotiations in Moscow some two hours ahead of a promised New Year's cut-off of gas deliveries by Russian energy giant Gazprom to Ukraine, as punishment for a 2-billion-dollar Ukrainian debt.

Viktor Yushchenko rejects Russia gas price offer

Viktor Yushchenko rejects Russia gas price offer   Kiev  - Ukrainian President Viktor Yushchenko on Wednesday called a Russian offer on gas pricing "unacceptable" and urged negotiators to work harder to reach an agreement before a Kremlin-set midnight deadline for full-scale cut in gas deliveries.

Yushchenko rejected Russia's proposal to hike the price of natural gas sold to Ukraine from 179 dollars per 1,000 cubic metres to 250 dollars, on grounds the Russian offer left practically unchanged transit fees to be charged Russia by Ukraine for natural gas shipped to Europe.

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