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Message: NG up. Russia cuts gas shipments to EU

NG up. Russia cuts gas shipments to EU

posted on Jan 06, 2009 12:06AM

It looks like the price on NG goes up, the futures say 6.15, a 0.08$ change or 1.32%.

Russia cuts delivery to EU to less than a 1/3 of normal:

OAO Gazprom, the Russian gas exporter, cut gas shipments to Europe through Ukraine to 92 million cubic meters, less than one third of normal levels, NAK Naftogaz Ukrainy spokesman Valentyn Zemlyanskyi said. Russian gas supplies to Bulgaria, Turkey, Greece and Macedonia were cut at the Ukrainian-Romanian border, Bulgaria’s Energy and Economy Ministry said.

Link to Bloomberg:

http://www.bloomberg.com/apps/news?p...

1000 cubic meters is equal to 35314.67 cubic feet.

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