Ukraine ready to pay Gazprom $4 billion

May 16, 2014

Naftogaz of Ukraine is ready to pay off its debt to the Russian Federation for the use of natural gas, but only after settling the pricing dispute, Deputy Minister of Energy and Coal Industry Ihor Didenko told a press briefing on May 15, Ukrinform has reported.

"Naftogaz of Ukraine is ready to pay JSC Gazprom USD 4 billion for the use of natural gas after the price is documented," Didenko said.

He also noted that the new price has not been documented between Gazprom and Naftogaz, so the Ukrainian side considers valid the current price of USD 268.5 per 1,000 cubic meters.

Copyright: Ukrinform, 2014