Ukraine baffled as $1.1b. gas deal unravels

By REUTERS
November 28, 2012 16:21

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

KIEV - Ukrainian officials scrambled on Wednesday, two days after a vital $1.1 billion gas terminal deal unraveled, to establish whether a man they believed had signed for Spain's Gas Natural actually represented the company.

Vladislav Kaskiv, the head of Ukraine's state investment agency, signed the deal in Kiev in front of Prime Minister Mykola Azarov and the energy minister, with a man his agency initially identified as Gas Natural executive Jordi Garcia Tabernero.

The Spanish energy company quickly denied joining a consortium that would build a liquefied natural gas (LNG) terminal on Ukraine's Black Sea coast, a project Ukraine hailed as reducing its dependence on pipeline gas from Russia.

Gas Natural also said Tabernero had not been in Ukraine at the time of the signing ceremony, a video of which was published on the government website.

Ukrainian officials, who insisted they had struck a genuine deal on Monday and stayed silent on Tuesday, said on Wednesday they were trying to figure out what had happened.

"This was most likely a result of gross negligence on the part of officials," a source close to the government said.

Related Content

Breaking news
July 19, 2018
Labor party workers joint LGBT strike scheduled for Sunday

By JERUSALEM POST STAFF