Bloomberg reported on the negotiations between Ukraine and the United States on a gas loan
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The Ukrainian authorities are negotiating with the US Export-Import Bank (EXIM) to provide Kyiv with a loan of $1.5 billion to buy gas, reports Bloomberg.
The agency notes that this issue was discussed by Ukrainian Prime Minister Denys Shmyhal and US Treasury Secretary Janet Yellen at a meeting on September 9. It is not specified at what stage the negotiations for a loan are.
Yuriy Vitrenko, CEO of the Ukrainian state energy company Naftogaz, noted that 15 cubic meters of gas could be accumulated in Ukrainian storage facilities. m of gas by November 1. Ukrainian MP Oleksiy Kucherenko said that Ukraine would not be able to accumulate the volume of gas planned for the winter in storage facilities, as a third was missing: 6.7 billion out of 19 billion cubic meters. m. According to the deputy, the import of gas until the end of the year is difficult because of the “cosmic” fuel prices.
European Union (EU) energy ministers in Brussels during an emergency meeting of the EU Energy Council on September 9 could not agree introduction of a price ceiling for Russian gas. Bloomberg sources explained that the EU countries are in no hurry to limit prices only for Russian gas due to fears that the Russian Federation in response may completely stop its supplies. The fact that Russia will not sell energy resources to the EU on unfavorable terms was said by Russian President Vladimir Putin on September 7 at the WEF-2022 in Vladivostok, calling the idea of an administrative way to limit gas prices from Russia “nonsense and nonsense.”
The cost of gas in the EU began to grow in the fall of 2021, when TTF quotes for the first time exceeded $2,000 per 1,000 cubic meters. Volatility in the gas market intensified with the start of a special military operation in Ukraine and the introduction of new sanctions against the Russian Federation, which created risks for a reduction in supplies fuel. In early March, spot gas prices in Europe approached $3,900 per 1,000 cubic meters. m, but then stabilized around $2000.
According to the ICE exchange, on September 9, futures for gas supplies in October traded at a price slightly above $2,000 per 1,000 cubic meters. m.
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