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Russia Eases Gas Payment Demands for Ukraine Before Talks

Russia is offering Ukraine a more flexible payment schedule for overdue natural-gas supplies to resolve a dispute that threatens to disrupt supplies to Europe as the heating season looms.

Russia may cut its demand for the first debt payment to $1.45 billion from $2 billion, Energy Minister Alexander Novak told reporters today in Moscow. Ukraine must settle this amount and pay an advance before Russia will resume deliveries to the transit nation, he said.

We officially sent that proposal on Oct. 3 to the EU, Novak said. Ukraine hasnt accepted it yet.

The European Union, which depends on Russian gas piped across Ukraine for about 15 percent of its needs, has been seeking to broker an interim deal between the two countries to avoid a repeat of supply cuts in early 2006 and 2009. Russian gas exporter OAO Gazprom halted deliveries to Ukraine over a pricing and debt dispute in June, as political tensions rose over a separatist conflict in the smaller nation.

Ukraine has so far failed to approve proposals the EU made at three-way talks in September, which would oblige it to pay $3.1 billion of gas debt to Russia by the end of this year. In return, Russia would decrease its price through March by $100 to $385 per 1,000 cubic meters, for at least 5 billion cubic meters of the fuel.

The government in Moscow is sticking to its demand for payment of $3.1 billion this year, while Ukraine is seeking to spread the remainder -- after $1.45 billion for November and December of 2013 -- in equal installments through March, Novak said.

Ukraine told the EU it would need 4 billion cubic meters of Russian gas for the heating season under the interim agreement, Novak said. The country lacks 5 billion cubic meters of gas to get through the winter, Ukrainian Energy Minister Yuri Prodan told reporters in Kiev today.

Novak, Prodan and EU Energy Commissioner Guenther Oettinger plan to resume talks on the interim agreement Oct. 21.

I cannot say that we will be able to reach a final decision, Prodan said today. But anything is possible.

The government in Kiev is ready to consider the proposals from Russia, Interfax reported today, citing Ukrainian Deputy Prime Minister Volodymyr Hroisman.

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Russia Eases Gas Payment Demands for Ukraine Before Talks

Bulldogs, Tamaraws draw inspiration from Final 4 coups

By Jasmine W. Payo |Philippine Daily Inquirer

MANILA, Philippines A day before the UAAP Finals decider, Far Eastern University and National University look back and try to draw inspiration from their respective series that propelled them to the championship showdown.

The Tamaraws and the Bulldogs, each confident of completing a historic title romp, clash in the winner-take-all Game 3 at 4 p.m. Wednesday at Smart Araneta Coliseum.

Both hope to get a boost from their huge Final Four feat two weeks ago, when the Tamaraws dethroned the La Salle Green Archers and the Bulldogs ousted the top-seeded Ateneo Blue Eagles.

Its another do-or-die, so how we prepared and what we did in our previous do-or-die games, we want to have that again, standout guard Gelo Alolino said of the Bulldogs, who survived four no-tomorrow contests this season, including two against the Eagles in the Final Four.

In our minds, we know we have to bring out that kind of game [against Ateneo].

Showing incredible will in every knockout game, the Bulldogs had it in full display again when they forged a rubber match for the crown with a commanding Game 2 triumph, 62-47, last week.

But for the Tamaraws, who took Game 1 of the title series with a 75-70 decision, they want to relive the poise and focus they showed in responding to adversity.

Its on us how well adjust, said FEU coach Nash Racela after the Game 2 loss where the Tamaraws bowed to the Bulldogs for the first time in four games this season.

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Bulldogs, Tamaraws draw inspiration from Final 4 coups

New Details On Ft Hood Shooter – Obama Admin Says Workplace Violence – The Kelly File – Video


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