Ukraine Reels From Upstream Loss

摘要

Uncertainty in Ukraine's gas markets intensified over the past week as the country's state-owned company, Naftogaz Ukrainy, lost control over its offshore upstream subsidiary and its valuable Black Sea acreage, while police arrested Naftogaz's chief executive on charges of massive embezzlement. The country is now bracing for Russia to announce the new natural gas price, with leaders fearing that Ukraine will have to pay up to $500 per thousand cubic meters ($13.89/MMBtu) starting Apr. 1.