The Rocky Road Ahead


Just as Gazprom officials predicted, no Christmas miracle deal emerged for selling Russian gas to Ukraine at a discounted price. So Ukraine entered the new year still paying a gas price of more than $400 per 1000 m3, plus the liability of buying at least 33 bcm gas over the next 12 months.  That means we should get ready for the pessimistic scenario unfolding through the year.  More about recent tendencies you can read in our new report “The Rocky Road Ahead”. The full report could be obtained through subscription at Global Source (  Trial access is available.

Summary of Economic Overview

January 20, 2012