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Russia insists on take-or-pay term for gas supplies to Ukraine

March 31, 2015, 13:35 UTC+3 MOSCOW
Gas supplies to Ukraine in the second quarter should be implemented in accordance with the currently effective contract between Gazprom and Ukraine’s Naftogaz
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MOSCOW, March 31. /TASS/. Russia insists on retuning to take-or-pay term for supplying Russian gas to Ukraine, despite the extension of winter package conditions, a source close to negotiations told TASS Tuesday.

Gas supplies to Ukraine in the second quarter should be implemented in accordance with the currently effective contract between Gazprom and Ukraine’s Naftogaz, which stipulates the take-or-pay condition, the source said. The contract also stipulates a gas discount, which Russia may give to Ukraine in the second quarter.

On March 20, after the trilateral gas talks between Russia, Ukraine and the European Union Russia’s Energy Minister Alexander Novak said that the take-or-pay regime will be resumed for Ukraine from April 1 as Naftogaz and Gazprom are currently considering the issue in the arbitration court.

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

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