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    market news

    Gazprom Could Oppose Plans for EU Gas Flows to Ukraine

    Teresa Matich
    Apr. 07, 2014 11:16AM PST
    Oil and Gas Investing

    Reuters reported today that although Europe and Slovakia may be able to reverse natural gas flows to Ukraine to combat Russian price increases, Russia’s Gazprom is questioning the legality of doing so.

    Reuters reported today that although Europe and Slovakia may be able to reverse natural gas flows to Ukraine to combat Russian price increases, Russia’s Gazprom is questioning the legality of doing so.

    As quoted in the publication:

    Slovakia is the EU’s best-placed country to pump gas to Ukraine should Russia cut supplies, but reversing flows along any of the four pipelines that take Russian gas to Slovakia via Ukraine would breach the terms of its contracts with state-controlled Gazprom, a spokesman for Slovak pipeline operator Eustream said.

    Click here to read the full Reuters article.

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