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MOSCOW MILLS — Russia's natural gas monopoly OAO Gazprom says an agreement has been reached with Ukraine on gas deliveries for the remainder of the year.
The agreement announced Thursday appears to cut out at least one of the controversial intermediary companies that had been involved in the trade. The announcement also is likely to fend off anxiety in Western Europe about possible interruptions in Russian gas shipments.
Much of the Russian gas consumed in Western Europe comes in pipelines that cross Ukraine.
Gazprom earlier this month cut shipments to Ukraine by half amid a contract dispute, raising concerns of reduced shipments downstream.
© 2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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