Russia, Ukraine play gas wars over prices, fines


Russia raised its gas exports to Germany via Nord Stream by 10% in 2015, its operator said on January 22. But at 39.1 billion cubic metres volumes remained well below Nord Stream’s capacity of 55 billion cubic metres.

Expert views ‘Nord Stream 2 as purely political project aimed at destruction of Ukrainian gas transit and delivering additional blow to our economy’

The long-standing gas conflict between Kiev and Moscow continued on January 22 with the head of Ukraine’s competition authority saying the regulator had decided to fine Russian gas giant Gazprom 85 billion hryvnias ($3.5 billion) for abusing its monopoly on the Ukrainian gas transit market. “A decision has been taken in relation to the abuse of the monopoly on the transit market ... by Gazprom as a monopoly buyer. The amount of the fine is 85 billion hryvnia,” Yury Terentyev wrote on his Faceboo...

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