• 4 minutes "Natural Gas Trading Picks Up Considerably Amid High Volatility" by Charles Kennedy - ...And is U.S. NatGas Futures dramatically overbought at the $6.35 range?
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 8 hours GREEN NEW DEAL = BLIZZARD OF LIES
  • 3 days Revisiting: "The U.S. Grid Isn’t Ready For A Major Shift To Renewables" from March 2021 by Irina Slav at OILPRICE
  • 13 hours What China is Learning from Russia's War in Ukraine and its Consequences
  • 6 days How cheap Chinese tires might explain Russia's 'stalled' 40-mile-long military convoy in Ukraine
  • 1 day Failure To Implement Russian Oil Ban Could Send Oil Crashing To $65
  • 3 days Natural Gas is the Cleanest and most Likely Source of Energy to Fuel the World.

WikiLeaks Cable Suggests USA Supported Removing Gas Trader

On 8 January 2008 the U.S. ambassador to Ukraine William Taylor wrote in a dispatch published on the WikiLeaks website, "(Former Prime Minister Yulia) Tymoshenko has declared her intention to remove the RosUkrEnergo and the Ukrgazenergo companies as intermediaries on the gas market. This is the aim the USA have always supported."

Taylor’s cable also contained remarks on limiting the volumes of gas supplies for Ukrgazenergo, a joint venture of the Ukrainian oil and gas company Naftohaz Ukrayiny and RosUkrEnergo companies, by the National Commission for Energy Regulation to 5 billion cubic meters of natural gas in 2008, in comparison to the 2007 level of 40 billion cubic meters, Ukrainian news agency UNIAN reported.
 
The U.S. embassy in the capital Kiev believed that Ukrgazenergo de facto monopoly of direct supplies to industrial companies resulted in substantial losses for Naftohaz Ukrayiny which also did not receive any dividends from Ukrgazenergo though it owned a 50-per-cent stake in the joint venture.

Critics allege that Tymoshenko, as an oligarch, gained her fortune improperly. Tymoshenko is currently on trial over terms of a Russian natural-gas contract she signed in 2009 while Prime Minister, in which Ukrainian authorities accuse her of abusing her position by signing. If convicted, Tymoshenko faces up to 10 years in prison.
 
By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage



Leave a comment

Leave a comment

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News