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Europe May Face Energy Shortages As Ukraine Is Unable To Pay For Gas

Europe May Face Energy Shortages As Ukraine Is Unable To Pay For Gas

Posted on 27. May, 2009 by Ross.

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Following talks between Russia’s Gazprom and Ukraine’s Naftogaz, commentators predict a new threat to European energy security as Kiev again is struggling to pay for Russian fuel. However, the Ukraine is in advanced talks to sell the right to emit around $3.5bn worth of carbon to three foreign companies in a continuing effort to balance [...]

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