Ukraine Oil Production
A general Thread about Oil Production in Ukraine. What is the level of Ukraine Oil & Gas Exploration and are the Petroleum Refineries able to keep up with local demand?
Gazprom introduces pre-payment system for Ukraine, sends bill for $1.66bn:
Naftogaz, Ukraine's state oil and gas company "Must pay this bill by June 2, and starting June 3, the company will only receive gas supplies that have been paid for," Kupriyanov said. Ref. Source 2
Ukraine: the real energy crisis starts in June as Russia plans to reduce gas supply:
On June 3, Russia plans to reduce the gas supply to Ukraine - and hence, to Europe - if Kiev has failed to pay in advance for next month's gas deliveries, the price for which has been doubled as a result of the political crisis. Ref. Source 1
Gazprom will wait another seven days before it switches Kiev to a prepayment system for natural gas.
Ukraine has until June 9 to pay its multibillion dollar overdue gas bill. "Ukraine has made the first tranche of the gas supplies [payment]. Today Gazprom got $786 million in its account. We welcome Ukraine beginning to make its gas debt payments Ref. Source 2
Russia cuts Ukraine gas supplies
Ukraine says Russia's state-run Gazprom has halted gas supplies after talks fail to settle dispute over debts Ref. BBC
Hungary suspends gas supplies to Ukraine:
Hungary's gas pipeline operator, FGSZ, says it has suspended delivery of gas to neighbouring Ukraine "Indefinitely". Ukraine has been receiving gas from Hungary, Poland and Slovakia since Russia cut off supplies to Ukraine in June in a dispute over unpaid bills. Ref. Source 6
Putin: If Ukraine siphons gas from pipeline, Russia will reduce Europe supplies:
"There are large transit risks. If we see that our Ukrainian partners start illegally taking our gas from the export pipeline as it was in 2008, we will equally reduce the amount of supply as happened in 2008," Warned Putin on Thursday at a news conference in Belgrade Ref. Source 7