Gazprom Announces Over 19 Billion Cubic Meters Of Gas Should Be Injected In Ukrainian

July 3, 2013

The Gazprom headquarters hosted today a working meeting between Alexey Miller, Chairman of the Company's Management Committee and Yury Boiko, Vice Prime Minister of Ukraine, the company reported in a news release.

The sides discussed pumping natural gas into Ukrainian underground gas storage facilities by Naftogaz Ukrainy. Gazprom noted that Ukrainian facilities should store over 19 bcm by the beginning of the autumn-winter period for the Ukrainian company to fulfill its commitments on uninterrupted transit of Russian gas to Europe.

The meeting also highlighted that the $1 billion advanced payment made by Gazprom for gas transit could be used for filling UGS facilities with natural gas. The decision to grant the payment had been taken on June 26, 2013.

Source: Gazprom, 2013.