Gas deal secures supply
Russia’s natural gas monopoly Gazprom said today that an agreement has been reached with Ukraine on gas deliveries for the remainder of the year.
The announcement is likely to fend off anxiety in Western Europe about possible interruptions to Russian gas shipments.
The agreement appears to cut out at least one of the controversial intermediary companies that had been involved.
Much of the Russian gas consumed in Western Europe comes in pipelines that cross Ukraine.
Gazprom cut shipments to Ukraine by half earlier this month in a contract dispute.
