el Kratos GRT: debts

Εμφάνιση αναρτήσεων με ετικέτα debts. Εμφάνιση όλων των αναρτήσεων

Τετάρτη 4 Ιουνίου 2014

Gazprom, Naftogaz hold gas talks in Berlin on CEO level

“The sides have agreed that neither of them goes to the Stockholm Arbitration Institute,” Gazprom CEO Alexei Miller said..

Russia's Gazprom and Naftogaz are holding gas talks in Berlin at the level of CEOs, Russian Energy Minister Alexander Novak said.
On Monday, June 2, Gazprom CEO Alexei Miller told ITAR-TASS that Russia and Ukraine had agreed not to refer the gas row to an arbitration tribunal in Stockholm.
“The sides have agreed that neither of them goes to the Stockholm Arbitration Institute,” he said.

A next EU-Russia-Ukraine meeting will depend on Ukraine’s payment of its debt for November-December as well as the transfer of $500 million for April-May within the framework of agreements reached in Berlin last Friday. The head of the Russian gas giant said Russia and the European Commission had a common position on the gas debt - it must be paid off.

Gas price may be reduced for Ukraine either by means of customs duties or through corrections in the price formula, Miller said.

He also said that Ukraine apparently accepts Russian gas price assessment suggested by European Commission at $350-380-390 per 1,000 cubic meters. Besides, the Gazprom CEO said nobody could ban Gazprom from building the South Stream gas pipeline. Novak, for his part, said that although the issue of new transport routes for Russian gas was linked to the Ukrainian problem, they had not been discussed during the negotiations.

Ukrainian parliament-appointed Minister of Energy and Coal Industry Yuriy Prodan said earlier in the day that gas talks between Ukraine and Russia would be held on a bilateral level.
“Naftogaz and Gazprom are holding talks in Berlin. This is Russia’s proposal,” he said.
Ukraine proposed Russia to return to a discount gas price of $268.5 per 1,000 cubic metres. This price was effective in the first quarter of 2014, he said.
“Ukraine said at the talks that the gas price should reach $268.5 per 1,000 cubic metres. Today the talks will continue,” Prodan said.
Answering a question if the gas price may reach $370 per 1,000 cubic metres, Prodan said he had heard nothing about such proposal.
[BERLIN, June 04. /ITAR-TASS]
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Δευτέρα 2 Ιουνίου 2014

Russia, Ukraine not to refer gas row to arbitration tribunal (Gazprom CEO)

Gas price may be reduced for Ukraine either by means of customs duties or through corrections in the price formula...

Russia and Ukraine have agreed not to refer the gas row to an arbitration tribunal in Stockholm, Gazprom CEO Alexei Miller told Rossiya 24 television.

“The sides have agreed that neither of them goes to the Stockholm Arbitration Institute,” he said.
A next EU-Russia-Ukraine meeting will depend on Ukraine’s payment of its debt for November-December as well as the transfer of 500 million dollars for April-May within the framework of agreements reached in Berlin last Friday. The head of the Russian gas giant said Russia and the European Commission had a common position on the gas debt - it must be paid off.
Russian Energy Minister Alexander Novak said the gas price was not discussed at three-party talks in Brussels, as this is a subject matter of commercial negotiations. Gas price may be reduced for Ukraine either by means of customs duties or through corrections in the price formula, Miller said.

He also said that Ukraine apparently accepts Russian gas price assessment suggested by European Commission at $350-380-390 per 1,000 cubic meters.

Besides, the Gazprom CEO said nobody could ban Gazprom from building the South Stream gas pipeline.
Novak, for his part, said that although the issue of new transport routes for Russian gas was linked to the Ukrainian problem, they had not been discussed during the negotiations.

European Commissioner for Energy Guenther Oettinger said that Russia and Ukraine have agreed not to stop gas supplies, not to go to international courts or switch over to prepayment until the next three-party meeting involving Moscow, Kiev and Brussels.
BRUSSELS, June 02, /ITAR-TASS
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Yatsenyuk also said if there was no agreement between the two sides by May 29, Ukraine would next meet Gazprom at the Stockholm arbitration court, which would try to resolve the dispute.......

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Russia’s Gazprom delays introduction of advance payment for gas to Ukraine to June 9

Russian energy giant Gazprom has delayed introduction of advance payment for gas supplies to Ukraine to June 9, Gazprom CEO Alexei Miller told reporters on Monday.

“Ukraine has paid the first tranche for gas supplies. Today, $786 million were transferred to Gazprom. We welcome that Ukraine had started gas debt repayment and delay introduction of advance payment to June 9. Introduction of advance payment scheme will depend on whether the country repays its full debt of $2,24 billion for gas supplied before April 9, some part of debt is reimbursed today, and on progress in payments for gas delivery in April and May. Payment for May gas supplies should be made before June 9,” he said.

Gazprom has earlier planned to introduce prepayment system from June 3. Before the deadline, Ukraine’s Naftogaz was to make a payment for future gas supplies in June.
[MOSCOW, June 02. /ITAR-TASS]
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Παρασκευή 30 Μαΐου 2014

Statement after the trilateral meeting between the EU, Russia and Ukraine on energy security

European Commission, Statement, Brussels, 30 May 2014:

On Friday (30 May) afternoon a trilateral meeting on energy security between EU Energy Commissioner Oettinger, Russian Energy Minister Novak and Ukrainian Energy Minister Prodan took place in Berlin.

Further progress has been achieved. Naftogaz has proved that they have transferred 786 million USD from their account to a corresponding bank.

However, given the patterns of the transfer the money has not yet been credited to the Gazprom account.

The amount of 786 million USD covers the unpaid invoices for gas delivered in February and March. It is expected that the money will be credited to the Gazprom account by Monday morning.

On the basis of that the parties agreed to come together for further discussions on Monday in Brussels. The aim is to find a solution on prices and payment schemes.

[europa.eu]

30/5/14

Ukraine has agreed to pay $786 million of its $3.5 billion gas debt to Russia, the European Union Energy Minister Oettinger said in Berlin on Friday.

The statement comes as Russia, Ukraine and the EU are holding a third round of energy talks in Berlin.

The Ukrainian delegation has produced documents proving that Kiev has transferred the money to Moscow, Oettinger said in an interview to Russia's TV Channel Rossiya 24.
The Energy Commissioner also said Russia was ready to continue negotiations on the gas price and supplies.

Speaking from Berlin, Russian Prime Minister Dmitry Medvedev said that if Gazprom receives the money, they’ll look into the nature of the payment, and after that the situation will change.

“First we need to make sure they [Ukraine] want to pay,” Medvedev said.

The total Ukraine’s gas debt to Russia now stands at $3.5 billion. DETAILS TO FOLLOW
[rt.com]
30/5/14
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Ukraine said it had transferred the payment for part of its gas debt to Russia, Russian Foreign Minister Dmitry Medvedev said...

Russia Says No Gas Payments From Kiev as of Thursday

As of Thursday evening, Moscow has not received any gas debt payments from Kiev, Russian Energy Minister Alexander Novak said on Friday.

He reiterated that Russia was not ready to discuss any gas discounts until Kiev repays at least a part of its debt, which may hit $5.2 billion in May.

“Naturally, our position remains unchanged,” Alexander Novak said.

Ukraine’s gas debt to Russia currently stands at $4 billion, according to EU Energy Commissioner Guenther Oettinger. Kiev continues to reject the new price of $485 per thousand cubic meters of Russian gas.

Russia’s energy giant Gazprom earlier announced a switch to a prepayment scheme, in full accordance with the 2009 energy contract between Russia and Ukraine.

Following the decision, an advance bill was sent to Ukrainian state energy company Naftogaz for June deliveries, with supplies to be suspended starting June 3 if the debt is not repaid.

Earlier this week, Ukraine said its oil and gas company, Naftogaz, had hired a Swedish law firm to represent it in court as it prepares litigation against Gazprom over its pricing policy.
MOSCOW, May 30 (RIA Novosti)
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Deadline for repayment by Naftogaz of $2 bln of debt for Russian gas expires Friday

Deadline for repayment by Naftogaz of $2 bln of debt for Russian gas expires Friday

The deadline for repayment by Ukraine's Naftogaz of $2 billion-worth part of debt for the supplied Russian gas expires on Friday. The deadline was set during the latest trilateral meeting of Russia, Ukraine, and the European Union (EU) in Berlin on May 26 when a compromise framework was suggested for settling the situation concerning Ukraine's debt for for Rusian gas.

In particular, it is supposed that before the end of the week Naftogaz will remit $2 billion to Russia's Gazprom, thereby partially repaying debt for the already supplied gas and, not later than June 7, remit another $500 million as an advance for June deliveries.
The Russian side stated readiness to carry on the talks, includingn those on possible discounts to Kiev if the first repayment is made on time. Earlie Gazprom had insisted on the amount of $2.3 billion as repayment of the debt for gas and and on making an advance payment.

In the event of departure by Naftogaz from the diagram approved at the latest Berlin meeting, Gazprom will discontinue the supply of gas to Ukraine on June 3. In case of an unsanctioned offteke of gas by Ukraine, Russia intends to introduce an "early warning" mechanism which provides for the setting up of a group of specialists who will monitor and record the amounts of gas supplied to Ukraine's territory.

Earlier this week, the Verkhovna Rada-appointed government resolved to augment the capital of the national joint-stock company "Naftogaz Ukraine" by 22.3 billion hryvnia (about $2 billion) through the issue of additional shares, with the State ownership of 100% of shares preserved. Thereby, the Ukrainian gas company gets resources that may be used for settlements of debts to Gazprom.

At the beginning of June, Ukraine's debt for the Russian gas supplied would grow up to over $5 billion.

Next trilateral meeting on a settlement of the gas-related conflict is due to be held in Berlin on Friday with the participation of Ukraine, Russia, and the EU.[MOSCOW, May 30. /ITAR-TASS]
[itar-tass.com]
30/5/14
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Statement by the European Commission following the meeting of EU Commissioner Günther Oettinger, Russian Energy Minister Aleksandr Novak and Ukrainian Energy Minister Yuriy Prodan

Πέμπτη 29 Μαΐου 2014

Ukraine Confirms Participation in Friday's 3-Party Gas Meeting

Ukrainian Energy Minister Yuriy Prodan will attend a three-party meeting on gas issues scheduled for Friday in Berlin, the ministry’s spokesman told RIA Novosti Thursday.
“The minister will take part in the three-party talks in Berlin,” he said.
A source close to the negotiations told RIA Novosti on Thursday that Kiev’s decision about repaying a part of its debt to Russia is expected after Friday’s meeting of Ukraine, Russia and the European Union.
The Russia Energy Ministry and the European Commission earlier confirmed their plans to attend the meeting.

At the previous three-party talks on May 26, Ukraine agreed to partially settle the gas debt for Russian gas by paying $2 billion by Friday and $500 million for May gas deliveries no later than June 7.

The Russian side said Moscow is ready to continue talks, including the possible discounts for Kiev, if the first payment comes on time.

Kiev has not yet confirmed its decision about paying the $2 billion to Russia.
The Ukrainian government signed a decree Thursday to increase the capital stock of Ukraine’s energy giant Naftogaz by 22.3 billion hryvnias or around $2 billion.

Ukraine’s gas debt to Russia currently stands at $4 billion, according to EU Energy Commissioner Guenther Oettinger. Kiev continues to reject the new price of $485 per 1,000 cubic meters of Russian gas.
KIEV, May 29 (RIA Novosti)
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Τρίτη 27 Μαΐου 2014

Ukraine agrees to pay gas debt to Russia

Ukraine agreed to start in this week paying a gas debt it owed Russia, in a bid to resolve a gas supply dispute between the two countries, said European Union Energy Commissioner Guenther Oettinger in Berlin on Monday.

Ukraine agreed to pay 2 billion U.S. dollars back to Russia by Thursday for the gas delivered since July last year, said Oettinger in a press conference started nearly one and half hours later than scheduled, following a meeting with Ukraine Energy Minister Yuri Prodan and his Russian counterpart Alexander Novak.

Another 500 million U.S. dollars would be paid by June 7, Oettinger said, adding that the deal was subject to the approval of governments of both sides, after consulting political leaders and companies until Wednesday evening.

The three officials have met twice for solutions to dispute over gas imports from Russia to Ukraine.

According to Russia, Ukraine has not paid for the gas it imported in full for months, accumulating a debt of over 3.5 billion U.S. dollars.

Oettinger said further talks would be held on Friday in Berlin, focusing on prices for gas delivered since April, when Russia cut discounts for gas sold to Ukraine for twice, pushing up the price from 268.5 U.S. dollars per 1000 cubic meters to 485 U.S. dollars.

Ukraine refused to accept the price, accusing Russia to increase the price for political reasons, while Russian side insisted that it would discuss a new gas discount only if Ukraine started to pay the debt.

Prodan told reporters that a final deal was not yet reached with Russia, and a "just market price" was needed.

The gas dispute concerned EU, since it imports one third of its gas from Russia and half of them are transported via Ukraine.

In the Monday press conference, Novak urged Ukraine to pay off the debt and said that Russia were "prepared to fulfill the contract" with its exports customers including those in Europe.
[cntv.cn]
27/5/14
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Statement by the European Commission following the meeting of EU Commissioner Günther Oettinger, Russian Energy Minister Aleksandr Novak and Ukrainian Energy Minister Yuriy Prodan

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Δευτέρα 26 Μαΐου 2014

Statement by the European Commission following the meeting of EU Commissioner Günther Oettinger, Russian Energy Minister Aleksandr Novak and Ukrainian Energy Minister Yuriy Prodan

European Commission, Statement, Berlin, 26 May 2014:

Substantial progress has been made today. However, there is no breakthrough yet.

The following solution is proposed subject to confirmation by Russian and Ukrainian authorities and gas companies until Wednesday 28 May 2014:

“Naftogaz commits to pay an amount of 2 billion US-Dollars by Friday 30 May 2014 and 500 million US-Dollars by Saturday 7 June as partial payments of the outstanding bills covering the period from November 2013 till March 2014 as well as the months of April and May 2014. These amounts have to be paid to the Gazprom bank account.

Upon receipt of the first payment the consultation on the new gas price as of April 2014 shall start. Gazprom agrees to continue to supply gas for June without insisting on prepayment.”

Subject to endorsement on these next steps a third round of political talks could take place on Friday 30 May 2014.

[europa.eu]

26/5/14

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Russia is ready to continue talks on the price of gas being supplied to Ukraine, Russian Energy Minister Alexander Novak said after three-party gas talks in Berlin.

Russia and Ukraine have agreed that Kiev will partly pay its gas bills from November to April, inclusively, and from June to May, Novak said.

“The total amount of payments can reach 2.5 billion U.S. dollars. We are ready to continue discussing prices for gas which we deliver to Ukraine. We hope that the Ukrainian side will discuss our proposals with its leadership,” Novak went on to say.

“Other topics for discussion include financial assistance to Ukraine. The European Commission representatives informed us about the funds that were being allocated for the purpose,” the Russian energy minister stressed, adding Russia would continue meeting its contractual obligations to supply gas to Ukraine and the European Union.

Russia “is doing everything to ensure reliable supplies of gas to European consumers,” Novak said.
“Russia fully meets its commitments,” he added.
[itar-tass.com]
26/5/14
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Δευτέρα 19 Μαΐου 2014

Russia believes it is impossible to return to $268 gas price in negotiations with Ukraine

“We can discuss discounts on this sum if mechanisms of settling (Ukraine’s) outstanding debt and ensuring Ukraine’s further solvency can be found,” the Russian energy minister says...

Russia is ready “to discuss discounts on gas prices with Ukraine but it is impossible to return to the price that existed in the first quarter of 2014,” Russian Energy Minister Alexander Novak told a news conference in Berlin after meeting EU Commissioner for Energy Gunther Oettinger on Monday.

“We believe that it is impossible to use the figure of $268 per 1,000 cubic meters of gas in our price discussions. That was the price for the first quarter established by a contract that had not been extended. We have the current contract and a price formula fixed in this contract according to which the price is $485. This is the price which can be considered,” Novak told journalists.

“We can discuss discounts on this sum if mechanisms of settling (Ukraine’s) outstanding debt and ensuring Ukraine’s further solvency can be found,” the Russian energy minister added.
“We do not understand the reasons for raising this question. The price of $268 cannot be considered under the current circumstances because it does not match even average European market prices,” Novak explained..............[itar-tass.com]
19/5/14
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EU Energy Commissioner Oettinger and Russian Energy Minister Novak discuss security of gas supply

European Commission, Statement, Brussels, 19 May 2014:

European Energy Commissioner Günther Oettinger met Russian Energy Minister Aleksandr Novak today in Berlin in order to discuss issues relating to security of gas supply and transit from Russia via Ukraine to the EU.

It was a constructive meeting that helped to prepare the ground for the second trilateral meeting between the EU, Russia and Ukraine. This is scheduled for 26 May subject to confirmation by all parties involved (a possible venue is Berlin).

The aim of the trilateral meetings is to ensure continued gas supplies and transit. Concerns about the outstanding debt of Ukraine and the gas price for supplies to Ukraine are being discussed in the trilateral format in order to find a solution by the end of May. Some progress has already been made.

The amount of the unpaid bills for gas delivered by Russia to Ukraine is undisputed until the end of March. However, there is no breakthrough yet.

An issue that still needs to be solved is the price for gas delivered in April and May and the price that should be applicable as from June. Commissioner Oettinger met Ukrainian Energy Minister Yuriy Prodan on 13 May and he will also be in contact with him in the next days ahead of the trilateral meeting.........[europa.eu]

19/5/14

Ukraine Ready to Pay Russia $4 bln by End of May for Gas. - Gazprom to cut supplies to Ukraine from June if no prepayment

Ukraine is ready to pay Russia $4 bln for gas supplies by the end of May, Deputy Energy Minister Ihor Didenko said on Thursday, adding that Kyiv used $268.5 per 1,000 cubic meters as the base price to calculate the sum.
"The Ukrainian side has clearly said that if the price of $268.5 is fixed, then Naftogaz is ready to pay before the end of May a sum of around $4 billion,'' Didenko told a news conference.

He also said Ukraine planned to import from Russia 3.4 billion cubic meters of gas in May. Russia is currently asking Ukraine to pay $485 per 1,000 cubic meters of gas. [voanews.com] 15/5/14----------------------

Ukraine unable to pay for gas supplies even with discount (Energy minister, Alexander Novak)

Russia does not see that Ukraine has any possibilities to pay for natural gas supplies even if discount provided due to the economically complicated situation in the country. Russia’s Energy Minister Alexander Novak stated this on Thursday. He added that the Russian side does not have any guarantees that Ukraine would be able to pay for gas supplies with any discount.
“We do not have guarantees that even if a price of $100 will be set, these bills would be paid by the Ukrainian side. What we see today is a complete insolvency,” the minister noted. Earlier, parliament-appointed Minister of Fuel and Energy of Ukraine Yuriy Prodan stated that Ukraine was ready to pay the debt for supplied Russian gas “within 10 days, if Russia goes back to the price of $268.5 for 1,000 cu. m”.
Ukraine is ready to pay about $4 billion of debt for Russian gas until the end of May in case if the price is set at $268.5 for 1,000 cu. m, Deputy Minister of Fuel and Energy of Ukraine Ihor Didenko said........[itar-tass.com]
15/5/14
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Putin expects more active EU role in solving Ukraine gas debt problem

Russia is disappointed by the absence of EU specific proposals on solving the Ukraine gas debt problem and expects European countries to play a more active role in this process, President Vladimir Putin said on Thursday.

In a special address to European leaders, Putin said that Russia’s decision to demand advance payments for natural gas deliveries to Ukraine was a forced measure.
“In early April, we came up with a proposal to hold immediate consultations with the aim of elaborating coordinated actions to stabilize the Ukrainian economy and ensure stable Russian gas deliveries and transit in compliance with contract terms,” Putin said in his letter.

Since then, Russia has held consultations with some non-EU countries in Moscow, at which “our partners fully shared our concerns over Ukraine’s payments for gas delivered by Russia and the risks of insufficient amounts of gas pumped into Ukraine’s underground storage facilities (to ensure uninterrupted gas transit to Europe),” Putin said.

“As for EU member countries, only one meeting was held In Warsaw during this period with a delegation led by EU Energy Commissioner (Gunther) Oettinger with the participation of Ukrainian representative (Energy Minister Yuriy) Prodan,” Putin said.

“Unfortunately, we have to state that we have not received any specific proposals from our partners on stabilizing the situation with the fulfillment of contractual obligations by the Ukrainian buyer and ensuring reliable gas transit,” Putin said.

The Russian president said that “over this time the situation with the payment for Russian gas had only deteriorated” as Gazprom had not received any payment for gas delivered to Ukraine.

“Ukraine’s overall debt has grown from $2.237 billion to $3.508 billion,” Putin said. “The debt grew despite the fact that the Ukrainian side had received the first $3.2 billion loan tranche from the IMF,” Putin said.

“In this situation, the Russian side issued a bill for gas prepayment from June 1 in strict compliance with the contract and will make gas deliveries in amounts prepaid by the Ukrainian side,” Putin said.

“I would like to emphasize once again that this is a forced decision. The Russian Federation remains open for the continuation of consultations and for joint actions with European countries for normalizing the situation,” Putin wrote in his letter........
[itar-tass.com]15/5/14
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Δευτέρα 12 Μαΐου 2014

Gazprom to cut supplies to Ukraine from June if no prepayment

If Kiev does not pay its gas bills by June 2, exports to Ukraine will be halted the next day, Gazprom CEO Aleksey Miller said. Russian PM Dmitry Medvedev meanwhile urged demanding advanced payment from Kiev as early as Tuesday.

Miller told Medvedev on Monday that Gazprom will issue a preliminary June bill to Ukraine’s Naftogaz on May 13.

According to Miller, Kiev already owes the company more than $3.5 billion, which compares to Gazprom’s annual gas supply to Poland.

“In case Ukraine does not pay for the June supplies, Gazprom will notify the Ukrainian side, before 10am on June 3, and the volume of gas will be supplied to Ukraine in accordance with the advanced payment,” Miller said.

He added that if Kiev pays for zero cubic meters of gas, it will receive none.
DETAILS TO FOLLOW
[rt.com]
12/4/14
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Russia says no gas talks with Ukraine until debt paid

Ukraine can’t guarantee gas storage and transit to Europe. - Alexander Novak, Russian minister

Russia, EU, Ukraine fail to reach agreement at gas talks

Ukraine erkennt Gasschulden gegenüber Russland nicht an.

Russia says no gas talks with Ukraine until debt paid

Moscow on Monday ruled out holding new negotiations with Ukraine over the price it pays for Russia's natural gas until Kiev covered its outstanding debts.

The announcement raises the possibility of Russia following through on its threat to cut off deliveries to Ukraine next month in a move that would endanger the supplies of at least 18 EU nations.

"We are saying that in order to discuss any sort of compromise, the debts must be paid first," news agencies quoted Russia's Deputy Energy Minister Anatoly Yanovsky as saying.

"Pay the debts and then we can agree on something."

Ukraine has refused to cover its obligations -- put at $3.51 billion (2.55 billion euros) by the Russian energy ministry -- in protest over Moscow's decision to nearly double the price it charges its neighbour for gas imports following the February overthrow of Kiev's Kremlin-backed regime.

Russia announced on Thursday that it will require Ukraine to pay upfront for all the natural gas it imports starting on June 1.

Ukrainian and Russian officials were due to meet behind closed doors with European Union counterparts in Brussels on Monday to discuss the possibility of arranging a ministerial meeting between the three sides on the gas dispute later this month.

The first round of negotiations conducted in Warsaw last week resulted in an agreement that Russia would not scale back its gas exports while the talks continued.

Nearly 15 percent of all gas consumed in Europe is delivered from Russia via Ukraine.

The danger for the EU is that Ukraine -- its state coffers effectively empty and almost completely reliant on $17 billion promised by the International Monetary Fund -- will not cover its debt and instead start taking the gas Russia had earmarked for its European clients.

The nation of 46 million began dipping into supplies meant for Europe when it was cut off from Russian gas during previous price disputes in 2006 and 2009.
[channelnewsasia.com]
12/5/14
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Ukraine can’t guarantee gas storage and transit to Europe. - Alexander Novak, Russian minister

Russia, EU, Ukraine fail to reach agreement at gas talks

Ukraine erkennt Gasschulden gegenüber Russland nicht an.

Πέμπτη 1 Μαΐου 2014

Naftogaz sends proposals to Gazprom on revising gas price. - A fair market-based price should be $268.1 per 1,000 cm

The Ukrainian national energy company Naftogaz Ukrainy has forwarded a pre-arbitration note to Gazprom, proposing its terms to settle disagreements regarding the 2009 gas supply contract through negotiations, Naftogaz reported on Thursday. The Ukrainian company proposed revising several key provisions of the contract, the principal one being the price at which Ukraine is buying gas from Russia.

"The matter involves both the price for gas offered to Ukraine starting April 1 this year and the price that Naftogaz Ukrainy has had to pay in the past. The latter automatically calls into question the size of the debt for gas consumed in the past periods, the settlement of which Gazprom is currently demanding," it said.

If the parties fail to come to an agreement through negotiations within 30 days, all issues not settled through negotiations will be referred to the Arbitration Institute of the Stockholm Chamber of Commerce. Ukraine insists that a fair market-based price should be $268.1 per 1,000 cubic meters of gas, while Gazprom has charged it about $480 per 1,000 cubic meters.
[voiceofrussia.com]
1/5/14
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Παρασκευή 11 Απριλίου 2014

Ukraine eyes energy assistance package from EU. - Commissioner for Energy Gunter Oettinger is drafting proposals for how to pay off Ukraine’s debt

The European Union (EU) is considering an assistance package to Ukraine in a bid to counteract Russian influence on the country's energy system, Ukrainian Energy and Coal Minister Yuri Prodan said here Friday.
"The aid package provides for financial assistance, increased reverse gas supplies and European gas network operators' solidarity with Ukraine," Prodan told the parliament after his visit to Brussels.
The preliminary agreement with the 28-member block envisages prospects for Ukraine to start reverse flows from France via Slovakia and Romania, Prodan said.

He added that Kiev was also planning to increase gas imports from Germany.

The EU is also ready to dismiss a possibility to increase gas flows via Russia's Yamal-Europe and North Stream pipelines, if Moscow halts gas exports to Ukraine, Prodan said.
On Thursday, Russian President Vladimir Putin warned European leaders that Moscow may cut gas supplies to Ukraine over Kiev's huge debt.

In early April, Russian gas giant Gazprom canceled discounts on gas supplies to Ukraine and set a price of 485 U.S. dollars per 1,000 cubic meters, which Kiev sees as too high.
[xinhuanet.com]
11/4/14
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Ukraine to save energy and extract its own gas.

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EU says will help Ukraine pay off part of debts to Gazprom...

Commissioner for Energy Günther Oettinger is drafting proposals for how to pay off Ukraine’s debt to the Russian supplier of natural gas, OAO Gazprom, Oettinger said Friday speaking to O1 Austrian Public Radio as he visited Vienna.

He said along with it he personally thought that only a part of the bills Gazprom had issued to Ukraine contained grounded total sums to be paid.
http://en.itar-tass.com/world/727485
11/4/14

Πέμπτη 10 Απριλίου 2014

Putin Says Further Violations by Ukraine Will Compel Russia to Cut Off Gas. -Russia cannot and should not unilaterally bear the burden of supporting Ukraine’s economy

Russian energy giant Gazprom will be compelled to switch over to prepaid gas deliveries to Ukraine or completely cut off natural gas supplies, should the country further violate its terms of payment, Russian President Vladimir Putin wrote Thursday in an open letter to 18 European leaders. “Gazprom is compelled to switch over to advance payment for gas deliveries, and in the event of further violation of the conditions of payment, will completely or partially cease gas deliveries,” Putin explained, saying this was undoubtedly an extreme measure.

Talk of a gas cutoff came as Ukraine again defaulted on its gas debt in March, swelling past the November record of $1.45 billion.Putin explained that Gazprom’s decision to switch to upfront payments for gas stemmed from Ukraine’s inability to pay its debts, despite unprecedented price cuts that Kiev had been recently enjoying.“I would like to draw your attention to the fact that in March there was still a discount price applied, that is [the price was] $268.50 per 1,000 cubic meters of gas. And even at that price, Ukraine did not pay a single dollar,” the president said.Putin also pointed to a whole string of discounts that Ukraine had been granted over the years, slashing Ukraine’s gas bill by almost a third. But the country continued to violate its contract obligations, prompting Gazprom to rethink its delivery strategy, the Russian leader said.“We fully realize that this [move] increases the risk of natural gas passing through Ukraine’s territory being siphoned off as it heads to European consumers. We also realize that this may make it difficult for Ukraine to accumulate sufficient gas reserves for use in the autumn and winter period,” Putin wrote.

The president said that uninterrupted gas transit to Ukraine would require the country to pay Russia about $5 billion upfront in the near future, before the state-run energy company pumped 11.5 billion cubic meters of gas into Ukraine’s underground storage facilities.

Putin also noted the European Union was expected to own up to its pledge to help Ukraine out.

"The fact that our European partners have unilaterally withdrawn from the concerted efforts to resolve the Ukrainian crisis, and even from holding consultations with the Russian side, leaves Russia no alternative," the message read. "Russia cannot and should not unilaterally bear the burden of supporting Ukraine’s economy by providing discounts and forgiving debts and, as point of fact, using these subsidies to cover Ukraine’s deficit in its trade with EU member states.”Putin called on the country’s EU partners to join consultations at the ministerial level to help Ukraine’s economy out of the woods.MOSCOW, April 10 (RIA Novosti)10/4/14---

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South Stream Pipeline More Urgent Amid Ukraine Crisis. – Russian Ambassador to EU

Τετάρτη 4 Ιουνίου 2014

Δευτέρα 2 Ιουνίου 2014

Παρασκευή 30 Μαΐου 2014

Πέμπτη 29 Μαΐου 2014

Τρίτη 27 Μαΐου 2014

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Δευτέρα 26 Μαΐου 2014

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Δευτέρα 19 Μαΐου 2014

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Πέμπτη 15 Μαΐου 2014

Δευτέρα 12 Μαΐου 2014

Πέμπτη 1 Μαΐου 2014

Παρασκευή 11 Απριλίου 2014

Πέμπτη 10 Απριλίου 2014

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