Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

06/23 20:11   Atambayev calls Russian-Kyrgyz relations' return to proper level one of his presidency's important outcomes
 
06/23 20:09   Banks bought 24% of Russian Eurobonds, funds - 60%, insurers -16%, MinFin says (Part 2)
 
06/23 20:02   Ukrainian military announce readiness for "bread truce" in Donbas
 
06/23 19:57   Over 50 civilians killed in hostilities in Donbas since beginning of 2017 - OSCE SMM deputy chief monitor
 
06/23 19:56   Kuchma can personally monitor ceasefire before disengagement attempt in Stanytsia Luhanska - Deinego
 
06/23 19:55   Ruble extends gains against dollar, euro as oil climbs
 
06/23 19:54   Minsk refuses to recognize UN Human Rights Council's resolution on extending special rapporteur's mandate
 
06/23 19:54   Main indexes of the Russia stock market for June 23
 
06/23 19:46   Stock market gains as oil rebounds
 
06/23 19:45   Aggregated results for trading of shares in Moscow Exchange
 


 

Interfax.com  |  Interfax news  |  Ukraine refuses to pay gas debt to Russia if...


News headlines


April 12, 2014 16:36

Ukraine refuses to pay gas debt to Russia if price rises

KYIV. April 12 (Interfax) - Ukraine is willing to pay off its natural gas arrears to Russia if the latter reverses its decision to substantially raise the price for its gas, said the chief executive of Ukrainian state-owned oil and gas company Naftogaz.

Ukraine suspended payments for Russian gas for the period of talks in which it is pressing Russian gas monopoly Gazprom (MOEX: GAZP) to go back on its decision to put up the price, Andriy Kobolev told Ukrainian weekly Dzerkalo Tyzhnya (Zn.ua).

"We are continuing our negotiations with Gazprom about the price that would be charged as from April 1, 2014. Under the terms of the contract, we have put forward an official proposal for keeping the price at $268.5 per 1,000 cubic meters. We've had no response yet," Kobolev said.

He said that neither Naftogaz nor Gazprom had ever described the $268.5 price, which was charged in the first quarter of this year, as "political," and that this meant there are no market factors to justify a raise.

"As of April 1, the debt for gas acquired by [Naftogaz] amounted to $2.2 billion," Kobolev said. "In the course of our negotiations with Alexei Borisovich [Gazprom chief executive Alexei Miller], we have clearly stated the Ukrainian position that the payment of the debt that has been accumulated is directly linked to keeping the natural gas price at the level of the first quarter of this year."

"We can see no reason to revise it, and we believe that the amount close to $500 that has been suggested by the Russian side is a non-market, groundless and unacceptable price. Consequently, we have suspended our payments for the period of the negotiations," Kobolev said.

He expressed hope that the Russian side would put economic considerations above political ones because Ukraine is one of Europe's largest gas markets and losing it would be painful for Gazprom.

He also claimed that, given the relatively small amount of Russian gas transmitted to Europe through Ukrainian territory, Ukraine's transit charge is too low. The current charge would only make sense if the Ukrainian pipelines were used to capacity and cost relatively little to operate, he argued.

"The reality is that our gas pipeline system is only running at half capacity at the moment, and its cost of financing is very high. This means that the charge should be a lot higher," he said.

as

(Our editorial staff can be reached at eng.editors@interfax.ru)

/Interfax/
 Subscription
You can access a demo version of, receive more information about or subscribe to Interfax publications by filling in and returning the form below. We also have dozens of reports in the Russian language, please indicate if you are interested.
Title:


Phone:


E-mail:


First name:


Company:


Country:
Last name:


Division:


City:
Products:
Central Asia & Caucasus Business Weekly
Central Asia General Newswire
Global Gas Analytics
Global Natural Gas Daily
Interfax Via Bloomberg Terminal
Kazakhstan General Newswire
Kazakhstan Mining Weekly
Kazakhstan Oil & Gas Weekly
Russia & CIS Announcements
Russia & CIS Banking and Finance Weekly
Russia & CIS Business and Financial Daily
Russia & CIS Business and Financial Newswire
Russia & CIS Business and Investment Weekly
Russia & CIS Business Law Weekly
Russia & CIS Business news
Russia & CIS Defense Industry Weekly
Russia & CIS Diplomatic Panorama
Russia & CIS Energy Daily
Russia & CIS Energy Newswire
Russia & CIS Events Calendar
Russia & CIS Food and Agriculture Weekly
Russia & CIS General Newswire
Russia & CIS Headline News
Russia & CIS Insurance Weekly
Russia & CIS IT and Telecom Weekly
Russia & CIS Metals and Mining Weekly
Russia & CIS Military Daily
Russia & CIS Military Newswire
Russia & CIS Military Weekly
Russia & CIS Oil and Gas Weekly
Russia & CIS Presidential Bulletin
Russia & CIS Statistics Weekly
Russia Health & Pharmaceuticals
Russia Market Roundup
Russia Press Review
Ukraine Business Daily
Ukraine Business Weekly
Ukraine General Newswire
Please enter the digits from picture in the box below:

June 23, 2017
 
19:57
Over 50 civilians killed in hostilities in Donbas since beginning of 2017 - OSCE SMM deputy chief monitor
 
19:56
Kuchma can personally monitor ceasefire before disengagement attempt in Stanytsia Luhanska - Deinego
 
19:55
Ruble extends gains against dollar, euro as oil climbs
 
19:54
Minsk refuses to recognize UN Human Rights Council's resolution on extending special rapporteur's mandate
 
19:54
Main indexes of the Russia stock market for June 23
 
19:46
Stock market gains as oil rebounds
 
19:45
Aggregated results for trading of shares in Moscow Exchange
 
19:38
Dixy Board of Directors to again be headed by Igor Kesayev
 
19:34
Eurobonds slide on oil, new placement in week
 
19:30
Results of Interregional Trading for OFZ & OBR
 
19:28
 
19:28
Kyiv refrains from presenting Donbas reintegration bill to TCG after LPR's, DPR's objections - Deinego
 
19:26
Rada to pass Donbas reintegration bill soon - Ukrainian National Security and Defense Council secretary
 
19:26
Kamaz to invest 50 mln euros in truck assembly in Senegal (Part 2)
 
 more headlines 



Interviews
 

.
Bahraini Ambassador to Russia Ahmed Abdulrahman Al Saati has given an interview to Interfax in which he speaks about the prolongation of the decision of OPEC and non-OPEC countries to freeze oil output, prospects of energy cooperation between Bahrain and Russia, bilateral military-technical cooperation and prospects for resuming diplomatic relations with Iran.

more
.
.
Following strikes of the U.S.-led coalition on pro-governmental forces in Syria, the coalitions spokesman Ryan Dillon has given a Skype interview to Interfaxs correspondent Ksenia Baygarova in which he speaks about if U.S. notified Russia in advance of upcoming strikes on pro-governmental forces in Syria, about how to avoid incidents in the future and about when al-Raqqa and Mosul will be liberated from terrorists.

more
.
.
Pakistani Defense Minister Khawaja Muhammad Asif has given an interview to Interfax correspondent Veronika Vishnyakova in which he speaks about his recent talks with Russian Defense Minister Sergei Shoigu, Pakistan-Russian interaction on Afghanistan, as well as his expectations from upcoming entry of Pakistan to the Shanghai Cooperation Organization (SCO).

more

 
  
 ©   1991—2017   Interfax Information Service. All rights reserved.
contact information   |   Interfax offices   |   made by web.finmarket

News and other data on this site are provided for information purposes only, and are not intended for republication or redistribution. Republication or redistribution of Interfax content, including by framing or similar means, is expressly prohibited without the prior written consent of Interfax.

Browse other Interfax sites:  Interfax.ru   |   IFX.RU   |   Interfax Group   Rambler's Top100