Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

05/03 21:53   Recognition of Karabakh independence by Armenia may have utmost negative effects - Azerbaijani Ambassador to Russia
 
05/03 21:19   Belarus hopes to be offered Russian natural gas at discounted price
 
05/03 20:30   If Yerevan does recognize Karabakh independence, then Armenian president to state it - presidential administration
 
05/03 19:06   Yerevan to consider recognition of Karabakh if Azerbaijan initiates new hostilities - Armenian Foreign Ministry (Part 2)
 
05/03 18:36   Yerevan to consider recognition of Karabakh if Azerbaijan initiates new hostilities - Armenian Foreign Ministry
 
05/03 17:58   YEREVAN TO CONSIDER RECOGNITION OF KARABAKH IF AZERBAIJAN STARTS NEW HOSTILITIES - ARMENIA'S DEPUTY FOREIGN MINISTER
 
05/03 17:31   Recognition of Karabakh independence by Yerevan to derail OSCE Minsk group's mediation efforts - Azerbaijani Foreign Ministry
 
05/03 17:08   RECOGNITION OF INDEPENDENCE OF KARABAKH BY YEREVAN TO DERAIL MEDIATION EFFORTS MADE BY OSCE MINSK GROUP - AZERBAIJANI FOREIGN MINISTRY
 
05/03 16:00   Ukrainian doctors released from captivity in Libya - Ukrainian foreign minister
 
05/03 15:54   De Mistura links intra-Syrian talks resumption with settlement of Aleppo situation (Part 2)
 




 

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:

May 03, 2016
 
21:53
Recognition of Karabakh independence by Armenia may have utmost negative effects - Azerbaijani Ambassador to Russia
 
21:19
Belarus hopes to be offered Russian natural gas at discounted price
 
20:30
If Yerevan does recognize Karabakh independence, then Armenian president to state it - presidential administration
 
19:06
Yerevan to consider recognition of Karabakh if Azerbaijan initiates new hostilities - Armenian Foreign Ministry (Part 2)
 
18:36
Yerevan to consider recognition of Karabakh if Azerbaijan initiates new hostilities - Armenian Foreign Ministry
 
17:58
YEREVAN TO CONSIDER RECOGNITION OF KARABAKH IF AZERBAIJAN STARTS NEW HOSTILITIES - ARMENIA'S DEPUTY FOREIGN MINISTER
 
17:31
Recognition of Karabakh independence by Yerevan to derail OSCE Minsk group's mediation efforts - Azerbaijani Foreign Ministry
 
17:08
RECOGNITION OF INDEPENDENCE OF KARABAKH BY YEREVAN TO DERAIL MEDIATION EFFORTS MADE BY OSCE MINSK GROUP - AZERBAIJANI FOREIGN MINISTRY
 
16:00
Ukrainian doctors released from captivity in Libya - Ukrainian foreign minister
 
15:54
De Mistura links intra-Syrian talks resumption with settlement of Aleppo situation (Part 2)
 
15:52
Lavrov not ruling out ISSG meeting in near future (Part 2)
 
15:49
 
15:45
No conditions so far for direct intra-Syrian talks - Lavrov (Part 2)
 
15:40
Announcement on regime of calm in Aleppo may be made on Tuesday - Lavrov (Part 2)
 
 more headlines 



Interviews
 

.
Newly appointed British Ambassador to Russia Laurie Bristow has given an interview to Interfax in which he speaks with about the current situation in British-Russian relations in the political, economic and cultural spheres, about London‘s position on the crises in Syria and Ukraine and shares his opinion on the Yury Gagarin flight.

more
.
.
World Jewish Congress President Ronald Lauder has given an interview to Interfax in which he speaks about issues that he discussed at a meeting with Russian President Vladimir Putin, about how the inflow of immigrants has influenced the situation with anti-Semitism in Europe and about attempts to rewrite the WW II history.

more
.
.
Greek Ambassador to Russia Danai-Magdalini Koumanakou has given an interview to Interfax in which she speaks about prospects for cancelling EU sanctions against Russia, Athens‘s position of the South Stream project, the EU-Turkey agreement on refugees and her expectations from the upcoming tourist season and Russia-Greece Cross Year.

more

 
  
 ©   1991—2016   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