Ukraine poised to mount Gazprom challenge

Article reports that Ukraine was poised to launch a legal challenge in September 2011 over what it paid for natural gas from Russia’s Gazprom if it failed to secure a 'fair' price in forthcoming negotiations according to a senior government official.

The comments from Kiev on the 31 August 2011 increase the pressure on the Russian gas monopoly, already facing challenges from several European customers over a pricing formula that linked the price of gas in its long-term supply contracts to the price of oil and oil products. These contract prices have sharply diverged from 'spot' prices for gas at European trading hubs.

EurActiv, 7.9.11: Ukrainians urged to break Russian gas addiction http://www.euractiv.com/europes-east/ukrainians-urged-break-russian-g-news-507358

ESO: Background information: Ukraine gas peace threatens to unravel http://www.europeansources.info/record/ukraine-gas-peace-threatens-to-unravel/

ESO: Background information: Tymoshenko charged over gas contract http://www.europeansources.info/record/tymoshenko-charged-over-gas-contract/

ESO: Background information: Ukraine poses dilemma for Brussels http://www.europeansources.info/record/ukraine-poses-dilemma-for-brussels/

Euractiv, 1.9.11: Russia-Ukraine gas tensions resurface http://www.euractiv.com/europes-east/russia-ukraine-gas-tensions-resu-news-507218

EurActiv, 13.9.11: Ukraine eyes direct Turkmen gas imports http://www.euractiv.com/europes-east/ukraine-eyes-direct-turkmen-gas-imports-news-507578

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