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Ukraine’s paid-up gas to suffice for 4 days — Gazprom CEO

November 10, 2015, 9:54 UTC+3
Ukraine has reduced volumes of its gas purchases from Russia due to Naftogaz financial deficit
1 pages in this article
© ITAR-TASS/Stanislav Krasilnikov

MOSCOW, November 10. /TASS/. Ukraine has reduced Russian gas purchases by 4 times compared with the beginning of the current month to 10 mln cubic meters per day, Gazprom CEO Alexey Miller said on Tuesday, adding that paid-up gas will only suffice for 4 days.

"Ukraine has reduced volumes of its gas purchases from Russia due to Naftogaz financial deficit compared with the beginning of the month by 4 times - to 10 mln cubic meters per day. Simultaneously, its purchases from Europe are also declining. Thus, as of now at the current low level of gas offtake paid-up gas will only suffice for 4 days - till Saturday, November 14," Miller said.

As TASS reported earlier, on November 5 Ukraine’s state gas company Naftogaz transferred $24 mln worth of prepayment for gas supplies. Gazprom Chief Executive Officer Alexey Miller then said that the prepayment will only suffice will November 10.

In late October Naftogaz completed settlements with Gazprom for 2 bln cubic meters of gas supplied by Gazprom. All in all, Naftogaz transferred almost $500 mln to Russian gas giant - $234 mln on October 12, $136 mln on October 20, and $64 mln in end-October.

Price for Russian gas for Ukraine in Q4 2015 stood at $227.5 per 1,000 cubic meters.

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