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Russia’s Gazprom confirms receiving $1.45 billion in gas payment from Ukraine

November 05, 2014, 10:44 UTC+3

Ukraine’s national oil and gas company Naftogaz announced the transfer of the first payment on Tuesday

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MOSCOW, November 5. /TASS/. Russia’s Gazprom has confirmed receiving a payment of $1.45 billion from Ukraine’s Naftogaz, the company’s official spokesman Sergey Kupriyanov told reporters on Wednesday.

“Gazprom has received from banks a confirmation of transfer of sums from Naftogaz of Ukraine in the amount of $1.45 billion to pay off part of debt for earlier supplied Russian gas,” Kupriyanov said.

Ukraine’s national oil and gas company Naftogaz announced the transfer of the first payment on Tuesday.

Russia, the European Union and Ukraine reached agreements on the resumption of Russian natural gas supplies for Ukrainian consumers, on gas transit guarantees to the EU and on partial settlement of Kiev’s gas debts at trilateral consultations in Brussels on October 31.

After that Russian Prime Minister Dmitry Medvedev signed the resolution on the Russian gas export customs duties to Ukraine. The document sets a special order of the calculation of export customs duties on natural gas supplied by Russia to Ukraine for the period until March 31, 2015. In particular, the export duty will be calculated under the following formula: at the price of $333.3 and higher for 1,000 cubic meters the discount will be $100, and at the price lower than $333.3 the discount will be 30% of the price.

Infographics Russia’s and Ukraine’s  stance in gas dispute

Russia’s and Ukraine’s stance in gas dispute

Russia and Ukraine strive to agree on gas price, but still without success. Infographics by TASS
Spokesman for Russia’s natural gas monopoly Gazprom Sergey Kupriyanov later said Gazprom is ready to begin gas supplies to Ukraine after Ukraine’s Naftogaz state-own oil and natural gas company fulfils its obligations.

The so-called winter gas package with the discount will ensure the Russian gas price for Naftogaz in the fourth quarter of 2014 at the level of $378 per 1,000 cubic meters. Ukraine plans to purchase by the end of the year 4 billion cubic meters of gas, specified in the winter package. However, according to Gazprom CEO Aleksey Miller, the Ukrainian side on the sidelines of the negotiations did not exclude it will purchase up to 7 billion cubic meters of gas.

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