Ukrainian Cabinet Says Gas Dispute with Russia Solved

November 20, 2013

Ukraine and Russia reached mutually beneficial decisions, which will allow NJSC Naftogaz of Ukraine to settle with JSC Gazprom without problems according to a new schedule, the Ukrainian news agency Ukrinform reported on November 19, citing the cabinet’s press service.

"Energy and Coal Industry Minister of Ukraine Eduard Stavytsky said that Ukraine and Russia have reached a compromise on payment conditions and gas purchasing. As a result of negotiations, he said, mutually beneficial solutions were reached to enable Naftogaz Ukraine to timely make payments under a contract with Gazprom according to a new schedule," a report reads.

These decisions, the Minister said, are meeting the needs of our partner countries: Russia as a gas supplier, interested in a safe transit of natural gas through the Ukrainian gas transportation system and the European Union countries as key consumers of Russian gas.

At the same time, Naftogaz Ukraine makes purchases from JSC Gazprom in an amount sufficient to meet both domestic demand and for timely implementation of customer applications in the EU. "We go according to a schedule, calculated for the current heating season: from 45 million to 90 million cubic meters a day,” Eduard Stavytsky said.

Copyright: Ukrinform, 2013