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Ukraine wants to sign summer gas package with Russia by late July or earlier — Naftogaz

April 10, 2015, 13:25 UTC+3
Kiev expects "the same result of the trilateral negotiations as in the deal closed in October 2014 when the winter gas package was signed
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© EPA/SERGEI KOZLOV

BRUSSELS, April 10. /TASS/. Ukraine would like to sign the summer package of natural gas supplies from Russia by the end of July or even earlier to ensure greater market stability, CEO of the Ukrainian state-owned oil and gas company Naftogaz Andrey Kobolev said on Friday after the NATO-Ukraine commission meeting.

"We are currently preparing for talks with participation of Russia, the European Commission and Ukraine in Berlin on April 14. We believe the new package should cover summer and the next winter also. We would like to sign this package by the end of June or as soon as possible so that ensure maximal stability of the market," Kobolev said.

Kiev expects "the same result of the trilateral negotiations as in the deal closed in October 2014" when the winter gas package was signed, he added.

Naftogaz is going to raise about $1.5 bln of foreign funds in order to inject nearly 6 bln cubic meters of natural gas to underground storages this summer.

"The liquidity estimate is $1.5 bln to procure approximately 6 bln cubic meters of gas. This is the liquidity we are to raise from foreign investors or institutions to ensure the natural gas injection into underground storages this summer in support of the procurement at lower prices," Kobolev said.

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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