TV: Islamic State re-enters ancient city of PalmyraWorld December 10, 21:20
Saudi minister says Russia led consultations process with OPECBusiness & Economy December 10, 20:41
UK foreign secretary says protection of civilians should be 'top priority' in SyriaWorld December 10, 20:31
Non-OPEC states join historic oil cut dealBusiness & Economy December 10, 20:23
Russian diplomat urges Western reporters to be unbiased in war news coverageRussian Politics & Diplomacy December 10, 20:08
Russia, Oman enter committee for control over oil production — Iraqi oil ministerBusiness & Economy December 10, 20:07
Iran's oil minister says non-OPEC countries agree to cut oil production by 600,000 barrelsBusiness & Economy December 10, 19:42
Russia, Oman enter committee on controlling oil production created by OPEC - BloombergBusiness & Economy December 10, 17:40
Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
KIEV, May 01, /ITAR-TASS/. Naftogaz of Ukraine on Thursday, May 1, refused to recognise the debt of 11.4 billion U.S. dollars charged by Gazprom for taking less gas than required by the contract between the two companies.
“Gazprom’s demand contains a reference to the so-called take-or-pay clause which has not been a market practice for a long time the way the Russian gas monopoly insists. In addition, the contract between Naftogaz of Ukraine and Gazprom does not contain a mechanism for enforcing this clause,” the Naftogaz of Ukraine press service said.
Kiev’s debt has reached 2.2 billion U.S. dollars since January 2014 and will reach 3.5 billion U.S. dollars by the middle of May when the next payment is due.
Naftogaz of Ukraine’s overall debt to Gazprom for taking less gas than required under the take-or-pay contract is about 18.5 billion U.S. dollars.
Gazprom charged Naftogaz of Ukraine 11.388 billion U.S. dollars for taking less gas than had been contracted in 2013: the Ukrainian company too only 12.9 billion of the required 41.6 billion cubic metres.
Ukraine is ready to pay the price of 268 U.S. dollars per 1,000 cubic metres of Russian gas, parliament-appointed Prime Minister Arseny Yatsenyuk said.
This is 45% below the established price of gas. If Moscow disagrees, Kiev will be prepared to contest its debt in court, he said.
Yatsenyuk told reporters that a “note” had been sent to Russia’s Gazprom, which “states the price”. If Gazprom accepts the proposed terms, Ukraine will pay the gas debt of 2.2 billion U.S. dollars immediately. If no solution is found within 30 days, the dispute will be taken to court.
“We have come to agreement on a trilateral meeting between Ukraine, the EU and Russia to settle the gas conflict. But I would like to recall that Ukraine has sent a pre-arbitration claim to Gazprom. If the positions are not reconciled and Ukraine’s demands are not met within 29 days, we will meet in Stockholm’s international court of arbitration,” he said.
“The government invites Gazprom to meet on neutral ground in London and discuss all issues. We will defend the interests of Ukraine using all lawful methods and the best lawful method is the court in Stockholm,” Yatsenyuk said.