Economic Calendar

Tuesday, January 6, 2009

Gazprom Stops Balkan Gas Supplies Via Ukraine, Bulgaria Says

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By Elizabeth Konstantinova

Jan. 6 (Bloomberg) -- Russian natural gas supplies to Bulgaria, Turkey, Greece and Macedonia were cut at the Ukrainian- Romanian border, Bulgaria’s Energy and Economy Ministry said.

The gas shipments were stopped at 3:30 a.m. today, the ministry in Sofia said in an e-mailed statement. Russia’s OAO Gazprom pumps 17.8 billion cubic meters of gas a year through Bulgaria to the four Balkan countries under a 30-year contract signed in 2006. Bulgaria consumes about 3.5 billion cubic meters of that volume.

Bulgaria raised supplies from its only gas storage facility at Chiren in northern Bulgaria today to 4.3 million cubic meters a day and called for emergency measures, the ministry said. Russian gas flows through Ukraine and then Romania to the southern Balkan states.

To contact the reporter on this story: Elizabeth Konstantinova in Sofia at ekonstantino@bloomberg.net




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