German Based RWE Begins Gas Deliveries to Ukraine: An alternative solution to Russia gas?
Deutsche Welle reported that Germany’s Essen based RWE (ETR:RWE) has begun supplying gas to the Ukraine. According to Deutsche-Welle, RWE signed a contract for natural gas deliveries with Kyiv in 2012, but has not yet specified the price Ukraine will pay for the gas.
As quoted in the market news:
The utility firm said current gas deliveries came from the company’s overall portfolio. According to figures released in 2012, 31 percent of RWE’s gas comes from Russia, 24 percent from Norway and 21 percent from the Netherlands, with the rest originating from smaller partners.