Russian gas returns to Europe

21 January 2009 @ 07:28 am EDT

On Tuesday Russian gas supply pumped to Europe through Ukraine resumed following a two week long price battle with Ukraine.

This is a Tuesday, Jan. 6, 2009. file photo showing a gas pressure gauge is seen at a snow-covered transit point on the main pipeline from Russia in the village of Boyarka, near Kiev. In the cold war between Russia and Ukraine over gas shipments to Europe, the grand prize may be control of Ukraine`s sprawling pipeline network, Moscow`s main conduit for pumping the fuel to its most lucrative markets. Ukraine`s pipelines remain Kiev`s only leverage...

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Austria, Bulgaria, Croatia, the Czech Republic, Hungary, Slovakia and Slovenia confirmed gas was flowing again, two weeks after it was halted over a bitter dispute between Moscow and Kiev over price, unpaid debts and siphoned off supplies.

Poland and Romania said that they had no immediate supplies.

Russian state-controlled gas firm Gazprom and Ukrainian gas supplier Naftogaz put pen to paper on a 10-year agreement to provide Russian gas for the Ukrainian market and said all disagreements on transit to the EU had been resolved.

Ukraine will pay Gazprom $360 per 1,000 cubic meters of gas; nearly double its previous price of $179.50. The standard European price is $450 per 1,000 cubic meters.

Russian gas returns to Europe

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