Gazprom cuts gas shipments to Ukraine, citing unpaid debt

Gazprom cut shipments of natural gas to Ukraine on Monday after failing to resolve a debt dispute, rekindling concern about Russia's reliability as an energy supplier.

Gazprom, Russia's state-run export monopoly for natural gas, reduced deliveries to Ukraine by 25 percent, said a Gazprom spokesman, Sergei Kupriyanov. Gazprom would supply European consumers in full, he said.

The standoff echoes a pricing dispute in January 2006, when Gazprom turned off all Ukrainian exports of natural gas for three days, causing volumes to fall in the European Union. About a fifth of Russian natural gas supplies to Europe travels through Ukrainian pipelines.

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- Posted: 2008-03-03 09:35:36

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