The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksRDSA.L Share News (RDSA)

  • There is currently no data for RDSA

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

REFILE-UPDATE 2-Shell starts gas supplies to Ukraine

Wed, 15th Apr 2015 12:54

(Removes extraneous word "quoted", paragraph 11)

KIEV, April 15 (Reuters) - Royal Dutch Shell hasbegun gas supplies to Ukraine and plans to pump at least 120 to130 million cubic metres this month, Ukrainian news agency Ligasaid on Wednesday, quoting a government source.

The agency said Ukraine was receiving the gas via Slovakiaat a cost of $253 per 1,000 cubic metres, but did not identifythe origin of the gas.

The energy ministry could not be reached for immediatecomment, but Ukrainian Prime Minister Arseny Yatseniuk told acabinet meeting that Shell was among the companies supplying gasto Ukraine.

"Shell Energy Europe is operating at a number of tradinghubs in Europe and does not disclose details of commercialagreements," a company spokeswoman said.

Ukraine started buying gas from European Union countries in2013 in a bid to reduce its dependence on Russian gas.

In 2014, Ukraine imported around 5 billion cubic metres(bcm) from EU countries which accounted for about 26 percent ofits overall gas imports.

Shell is the second global energy firm to pump gas toUkraine after Norway's Statoil signed a deal last yearto sell gas to Ukrainian state firm Naftogaz.

Ukraine, which consumed 42.5 bcm of gas last year, producesabout 20 bcm and imports the rest.

Yatseniuk told a cabinet meeting on Wednesday that Ukrainiangas consumption could slip to 40 bcm in 2015.

"The drop is partly due to the fact that Russian militaryaggression began in Ukraine and this affected industrial firms,which were gas consumers. The second factor is the drop in gasdemand from households thanks to energy efficiency," he said.

Energy Minister Volodymyr Demchyshyn was quoted by theInterfax Ukraine news agency as saying Ukraine planned toincrease imports of natural gas to 25 bcm in 2015 from 19.5 bcmlast year. He gave no additional details.

Kiev traditionally imports most of its gas from Russia, butlast June Russia cut off supplies for six months in the thirdsuch clash over pricing and unpaid bills in a decade.

This month Naftogaz and Russian gas exporter Gazprom signed an interim deal for gas for the next threemonths and Kiev said this would allow it to start storing gasfor next winter.

Kiev agreed to buy Russian gas at $248 per thousand cubicmetres. It paid $329 under the agreement that covered the pastwinter. (Reporting by Pavel Polityuk; additional reporting by NataliaZinets; editing by Jason Neely)

More News
10 Dec 2021 12:17

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

LONDON MARKET MIDDAY: Stocks lower ahead of key US inflation report

Read more
10 Dec 2021 10:41

Shell shareholders vote for move to Britain -preliminary results

AMSTERDAM, Dec 10 (Reuters) - In a preliminary result, Royal Dutch Shell shareholders on Friday voted in favour of a plan to move the company's headquarters and its tax home to Britain.Chairman Andrew Mackenzie announced the preliminary results, ...

Read more
10 Dec 2021 10:17

Siccar Point CEO says Cambo oilfield project paused after Shell exit

LONDON, Dec 10 (Reuters) - Siccar Point CEO Jonathan Roger said on Friday that Royal Dutch Shell's decision last week not to progress the Cambo oilfield project in the British North Sea means the development will have to be paused.Siccar, which ow...

Read more
10 Dec 2021 10:08

UPDATE 1-Royal Dutch Shell shareholders expected to approve move to London

* If approved, Shell's move expected in early 2022* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Updates with colour from meeti...

Read more
10 Dec 2021 00:25

UPDATE 2-Royal Dutch Shell shareholders back plan to shift to London

* British tax base seen making buybacks, dividends easier* Dutch withholding tax a factor in Shell's decision* Shell says move will not affect its environmental policy (Recasts with shareholder vote)By Toby Sterling and Ron BoussoROTTERDAM/LONDON, D...

Read more
9 Dec 2021 13:37

S.Africa energy minister defends Shell's planned seismic blasting on Wild Coast

* S.Africans protest against oil search in pristine stretch* Area home to whales, penguins, dolphins, seals* Objectors want Africa to stay poor, Gwede Mantashe saysBy Tim CocksJOHANNESBURG, Dec 9 (Reuters) - South Africa's energy minister defended o...

Read more
9 Dec 2021 10:10

UPDATE 2-European shares fall again on Omicron worries

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window)* Deutsche Bank skids after DoJ violation report* Defensive sectors cap losses* Investors eye U.S. CPI data due Friday (Updates to close)By ...

Read more
6 Dec 2021 16:58

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

LONDON MARKET CLOSE: Airlines lift off as Omicron fears ease

Read more
6 Dec 2021 12:16

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

LONDON MARKET MIDDAY: Stocks rise as Fauci helps soothe Omicron fear

Read more
6 Dec 2021 12:13

UPDATE 4-BP says Brent benchmark reform should include U.S. oil, dump Brent

(Adds background)By Julia PayneLONDON, Dec 6 (Reuters) - BP supports the addition of U.S. oil crude grade WTI Midland to global dated Brent, suggesting the removal in the medium-term of Brent and Forties grades from the benchmark as flows have eva...

Read more
5 Dec 2021 13:57

S.Africans protest against Shell oil exploration in pristine coastal area

By Siyabonga SishiPORT EDWARD, South Africa, Dec 5 (Reuters) - South Africans took to their beaches on Sunday to protest against plans by Royal Dutch Shell to do seimsic oil exploration they say will threaten marine wildlife such as whales, dolphi...

Read more
3 Dec 2021 16:05

UK shareholder meetings calendar - next 7 days

UK shareholder meetings calendar - next 7 days

Read more
3 Dec 2021 14:31

Nigeria's Bonga oil export terminal in maintenance until next week - Shell

LONDON, Dec 3 (Reuters) - Nigeria's Bonga crude oil export terminal is undergoing planned maintenance until next week, operator Shell said on Friday.Bonga is typically one of the larger export streams from Africa's largest oil producer. It was sch...

Read more
3 Dec 2021 12:06

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

LONDON MARKET MIDDAY: Jitters turn from Omicron to US nonfarm payrolls

Read more
3 Dec 2021 10:19

Shell wins court case to start seismic surveys offshore South Africa

CAPE TOWN, Dec 3 (Reuters) - A South African high court on Friday struck down an urgent application brought by environmentalists to stop oil major Royal Dutch Shell starting seismic surveys to explore for petroleum systems off the eastern seaboar...

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.