The European Union’s biggest gas inventories in three years are cushioning the region from Russian supply disruptions and helping avoid a repeat of previous crises when prices rose as much as fourfold.
Ukraine, Russia and the European Union will start today a new round of talks to prevent cutoff of natural gas flows, as the downing of a military plane by pro- Russian rebels raised tensions in the east of the country.
Pro-Russian rebels shot down a transport plane in eastern Ukraine, killing 49 servicemen and threatening to ratchet up east-west tensions over suspicions President Vladimir Putin is backing the uprising.
OAO Gazprom, the world’s biggest natural gas producer, is holding negotiations with Ukraine today to resolve a price dispute after postponing a deadline for Kiev to settle its debts or face a supply cutoff to next week.
Russian, German and Polish officials met in St. Petersburg to advance Ukraine peace talks after President Petro Poroshenko called for an evacuation corridor so civilians can flee fighting in the country’s battle-torn east.