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Hungary to Siphon Gas to Ukraine Print E-mail
by Tom McGregor    Fri, Apr 11, 2014, 12:56 AM

Hungary is preparing to ship natural gas to the Ukraine.

The Moscow Times reports that, "Hungary is ready to ship natural gas to neighboring Ukraine at once while Slovak Prime Minister Robert Fico called for talks with Ukraine, Russia and the European Commission to discuss the possibility of reversing gas flows to Kiev to offset a Russian gas price hike."  

Nonetheless, the arrangement could fall apart if Slovakia says no to the deal.

According to the Moscow Times, "Financially-strapped Ukraine has been anxious to obtain affordable natural gas since Russia tore up a discount negotiated under Kiev's former president Viktor Yanukovych and this month raised the price for gas from supplier Gazprom by 80 percent."

Reversing flows to the Ukraine from Slovakia would breach contract terms with Russian natural gas giant, Gazprom.

To read the entire article from the Moscow Times, link here:

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