Polonium

Wednesday, January 20, 2010

Russian Dailies See Gas Crisis in Poland

It was almost exactly one year ago that Poland began talking with Russia to increase deliveries of natural gas after a Russian-Ukrainian gas dispute eliminated one Russian-linked trader from the market.

Unlike mainland Russia’s neighbors Ukraine and Belarus, Poland pays a good buck for its gas — the price is the regular Western European average that Russia sees at $325 per 1,000 cubic meters this year.

So if you sell at a profit, you will quite quickly agree to sell more, right? Wrong. Russia wants to kill several birds with one stone and Poland wants to keep some of those birds alive, so no deal yet.

Read more: http://blogs.wsj.com/new-europe/2010/01/20/russian-dailies-puts-two-and-two-together-result-twenty-two/