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Russia-Ukraine gas dispute

Naftogaz of Ukraine confirms Gazprom payment received

Russia’s Gazprom paid in full for gas transit piping across Ukraine’s territory

© EPA/FILIP SINGER

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Gazprom pays Naftogaz of Ukraine for transit

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.

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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Oil & Gas Naftogaz Gazprom Energy security Russia-Ukraine Gas Dispute

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