Gazprom says to halve gas supply to Ukraine

Gas giant Gazprom, whose chairman Dmitry Medvedev was elected Russian president on Monday, said it will halve gas supplies to Ukraine from Tuesday because a debt dispute between them has not been resolved.

On Monday, the world's top gas producer and Russia's gas export monopoly reduced supplies to Ukraine by 25 percent over a $600 million debt and a conflict over deliveries in 2008.

Both Gazprom and Ukraine said supplies to Europe were running normally. Almost a quarter of Europe's gas supplies pass through Ukraine and gas disputes between Moscow and Kiev tend to cause anxiety in European energy markets.

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- Posted: 2008-03-04 09:57:27

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