Middle East Economic Survey

VOL. LII

No 28

13-Jul-2009

CASPIAN

Ukraine Hikes Russian Gas Intake To Boost Storage

Ukraine state firm Naftogaz has more than quadrupled its intake of Russian gas to an average of 120mn cmd in order to fulfil its obligation of delivering up to 7.6 bcm into storage by early November 2009, MEES understands. Ukraine has been trying for months to secure from international financial institutions, the EU and Russia the $4.2bn necessary for it to purchase gas for storage ahead...