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Ukraine’s Naftogaz returns part of Gazprom’s transit payment

November 12, 2014, 12:08 UTC+3

The company says it has made calculations and has returned the overpaid sum

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KIEV, November 12. /TASS/. The Ukrainian national energy company Naftogaz has returned a part of Gazprom’s transit payment, the Naftogaz press office said on Wednesday.

Naftogaz has returned the sum of Gazprom’s overpayment, the Ukrainian energy company said as Kiev and Moscow continued to disagree on the price of natural gas for Ukraine.

Naftogaz calculates gas transit payment proceeding from the gas price of $268.5 per 1,000 cu m.

“We have returned the overpaid sum,” Naftogaz said.

Media reports earlier said Naftogaz had received Gazprom’s gas transit payment tranche on Monday.

Gazprom spokesman Sergey Kupriyanov said last week that the gas price dispute between Moscow and Kiev stalled payments for Russian natural gas transit via Ukraine.

“The only technical problem that exists in payment for gas transit across Ukraine is that Gazprom wants to pay more than the Ukrainian side expects from us. Transit delivery depends on the price of Russian gas for Ukraine,” Kupriyanov said.

“Gazprom calculates this price under the formula indicated in the contract on gas supplies. However, Naftogaz of Ukraine calculates the price using its own formula. This inhibits the process. But we’ll find a solution to this problem. Everything will be done in compliance with the spirit of the Brussels accords,” the Gazprom spokesman said.

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