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Gazprom Reduces Gas Supply to Ukraine

Europe draws about a fifth of its gas from Ukrainian pipelines so that any reduction of gas pressure there can deflate the whole, continent-wide natural network. Meanwhile, Russia and Ukraine feud often over prices and conditions. It is a weakness for the European Union that critics have compared with the United States' over-reliance on the unstable Persian Gulf for oil.

"It's the same old disputes coming up again and again," Jerome Guillet, a French banker and expert on Gazprom, said in a telephone interview from Paris. "The real disputes are about sharing the rents of gas sales to Ukraine through the traders, who control this income."

I've given your phone number to the NYT journalist, too.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Mar 3rd, 2008 at 04:14:13 PM EST

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