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U.S. sanctions Crimea gas company, in move aimed at Gazprom

By Arshad Mohammed WASHINGTON (Reuters) - The United States on Friday imposed sanctions on a Crimea-based gas company, Chernomorneftegaz, effectively putting it off limits to Russia's state-controlled Gazprom, which was expected to bid for a stake in the company.

Dutch postpone Russian trade mission over Ukraine crisis

By Thomas Escritt AMSTERDAM (Reuters) - The Netherlands on Wednesday postponed a mission on energy trade to Russia planned for May because of Moscow's annexation of Crimea and increased tensions in eastern Ukraine. The Netherlands is looking at ways to safeguard its energy supply after earthquakes caused by gas production forced it to cut output from the huge Groningen gas field this year. Combined with dwindling reserves, that may increase the country's demand for imported gas.

Russia scraps last gas discount to Ukraine, hikes price

Russian Prime Minister Dmitry Medvedev said Thursday he has scrapped the last discount on gas price granted by Moscow to Ukraine, effectively raising the price by $100 dollars to $485 for 1000 cubic metres. "I am taking the decision to denounce the government decree from 30 April 2010," Medvedev said, referring to the discount on Russia granted to its neighbour in exchange for keeping its Black Sea Fleet facilities in Crimea's port of Sevastopol.

Russia plans to build undersea gas pipeline to Crimea: newspaper

MOSCOW (Reuters) - Russia plans to build an undersea gas pipeline to Crimea and could construct three power stations on the Black Sea peninsula following its annexation from Ukraine, Energy Minister Alexander Novak was on Tuesday quoted as saying. Novak told the Kommersant business newspaper the three power stations could have a total capacity of 1,320 megawatts, and the cost could be up to 100 billion rubles ($2.9 billion).

Gazprom hikes Ukraine gas export price by over a third

Russian energy giant Gazprom on Tuesday announced it was hiking the price of gas exports to Ukraine by more than a third, after a a Western-leaning government took over the country after the fall of the previous pro-Kremlin regime. Ukraine will now pay a price of $385.5 dollars per 1,000 cubic metres of gas, Gazprom chief executive Alexei Miller said in a statement, raising the price from $285.5 per 1,000 cubic metres previously. bur-yad/sjw

Gazprom hikes Ukraine gas export price by over a third

Russian energy giant Gazprom on Tuesday announced it was hiking the price of gas exports to Ukraine by more than a third, after a a Western-leaning government took over the country after the fall of the previous pro-Kremlin regime. Ukraine will now pay a price of $385.5 dollars per 1,000 cubic metres of gas, Gazprom chief executive Alexei Miller said in a statement, raising the price from $268.5 per 1,000 cubic metres previously. bur-yad/sjw

Football: Russian sponsor no problem for Schalke boss

Schalke 04 boss Clemens Toennies says he has no problem with the club's main sponsors, Russian gas-giants Gazprom, despite the ongoing Crimea crisis. "No, I see no problem at all. For me there is absolutely nothing to complain about," Toennies told German daily Bild with Schalke third in Germany's top-flight. Gazprom have been Schalke's main sponsor since 2007 and give the Royal Blues 17 million euros (US$23.46m) of sponsorship per year with the current deal running until 2017.

Crimea split to deprive Ukraine of Black Sea gas

With the forfeit of Crimea, a holiday peninsula of two million people, Ukraine is also set to lose offshore natural gas fields, likely to be snapped up by Russian energy giant Gazprom. Upon voting for independence from Ukraine, the Crimean assembly moved Monday to nationalise assets of Chornomornaftogaz, a unit of state gas company Naftogaz, in a decision that also included the "continental shelf and exclusive economic zone" in the Black Sea.

Russia won't switch off gas supply to Europe: Oettinger in magazine

BERLIN (Reuters) - European Energy Commissioner Guenther Oettinger does not expect Russia to switch off gas supplies to Europe over the Ukraine crisis, he told German magazine Wirtschaftswoche in an interview published on Saturday. "I don't believe it would be in Russia's interests," Oettinger was quoted as saying.

Gazprom warns Ukraine over 'huge' debt of $1.55 bn

Ukraine owes Russian gas giant Gazprom a "huge" debt of $1.55 bn for unpaid gas and may not be able to keep the discount it currently enjoys for Russian gas imports, the firm said on Saturday. "We have good relations with Ukraine, the transit is working, but they just need to pay for the gas. The debt is $1.549 billion, it is huge," Gazprom spokesman Sergei Kupriyanov told the RIA Novosti news agency. "Clearly, with this debt Ukraine may not be able to keep its discount (to market price) for the gas. The agreements on the discount forsee a full and timely payment."
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