Ukraine invests in US LNG to meet its rising gas import requirements
The state gas company of Ukraine said that it may import large quantities of U.S. natural gas via terminals located in Germany, Greece and Poland this year, as Kyiv continues to struggle with the effects of Russian attacks against its infrastructure. The White House is leading the talks to end more than three long years of war following Russia's invasion in Ukraine. Kyiv announced on Tuesday that it would accept a ceasefire offer, but Moscow is yet to agree. The importation of U.S. natural gas to Ukraine could strengthen the economic relationship between Washington and Ukraine…
Kremlin's Long-term Gas Deals in Europe Intact For Now
Russian gas giant Gazprom will lower its prices to keep European customers locked into long-term supply contracts, maintaining an arrangement that has for decades helped Moscow secure political leverage in Europe. But Russia will only be able to preserve its long-term contracts for the next few years and will eventually have to sell more of its gas on the spot market, loosening its hold over customers, analysts said. The long-term deals, some of which span 25 years, have been the bedrock of Gazprom's dealings with Europe.
Gazprom Estimates TurkStream Costs at $12.5 bln
Russia's Gazprom expects its TurkStream project to cost 11.4 billion euros ($12.51 billion) excluding value added tax, a company official told a conference call on Monday. The first line will cost 4.3 billion euros, he added. TurkStream, which should replace Russian gas transit via Ukraine, is planned to consist of four lines with a total annual capacity of 63 billion cubic metres. Another Gazprom representative told a conference call that average gas prices for Europe this year would amount to between $235 and $242 per 1,000 cubic metres. (Reporting by Katya Golubkova)
