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bountyhunter - Sun, 01 Jan 06 :

I would expect that the Ukraine will take it's 15%, and presumably that will result in a lower pressure in the pipeline arriving in Germany and consequently a reduced supply to Europe and higher gas prices. While this may be good for VPC especially with only 10% of Gas sales hedged from today it does create a political delemma going forwards - I would think that the only reasonable solution would be for a compromise with the Gas price for Ukraine increasing in stages towards market prices over several months.


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