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Naftogaz of Ukraine confirms Gazprom payment received

November 10, 2014, 13:28 UTC+3 MOSCOW MOSCOW November, 10. /TASS
Russia’s Gazprom paid in full for gas transit piping across Ukraine’s territory
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MOSCOW, November 10. /TASS/. Naftogaz of Ukraine has received the payment from Gazprom for gas transit, the Ukrainian company’s press service told TASS.

As was reported earlier, Russia’s Gazprom paid in full for gas transit piping across Ukraine’s territory.

The Ukrainian Energy and Coal Mining Ministry said earlier that Naftogaz had presented a bill to Gazprom to pay for gas transit — $64 million for the period including September and $88 million for the period including October.

The Russian company’s spokesman Sergey Kupriyanov said Gazprom intended to pay more than the Ukrainian side expected.

Infographics Gas agreement signed by Russia, Ukraine and the EU Gas agreement signed by Russia, Ukraine and the EU
Gas agreement signed by Russia, Ukraine and the EU On October 31 Russia, Ukraine and the EU signed an agreement on gas supplies. Infographics by TASS

Kupriyanov told reporters that payment for gas transit was delayed by the dispute over the gas price. The only technical problem was that Gazprom wanted to pay more than the Ukrainian side waited for, he said, explaining that the transit rate depended on the gas price for Ukraine. Gazprom calculated it based on the formula set down in the contract for gas supplies, but Naftogaz set its own price, and it stalled the process.

But a solution would be found, Kupriyanov said. “Everything will be done in accordance with the spirit of the Brussels agreements.”

On June 16, Russia’s Gazprom, in accordance with the contract with Naftogaz of Ukraine, stopped supplying gas to the Ukrainian side because Ukraine failed to pay. Naftogaz brought a suit to the Stockholm court of arbitration against Gazprom, expecting the gas contract to be revised.

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