26 January 2013

UKRAINE / RUSSIA / ENERGY : 27 Jan UPDATE: Kyiv Billed For $7 Billion For Nat Gas...It Never Used.

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     Kviv just got an ugly surprise from Moscow's Gazprom.
     It was a bill for $7 billion usd...for nat gas it never used in 2012.
     Gazprom claims its contract with Ukraine required Kyiv to use...and thus...pay for 52 billion cubic feet of gas.
    This week at Davos...Kyiv signed a $10 billion deal with Shell to drill for shale nat gas... hoping to eventually eliminate its energy dependence on Russia.