Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact Us
Customer Login
 


Headlines
 

07/25 15:17   Russian General Staff claims to have credible data about Ukrainian army use of phosphorous bombs (Part 2)
 
07/25 15:17   Russian General Staff claims to have credible data about Ukrainian army use of phosphorous bombs (Part 2)
 
07/25 15:13   Russia could have 0.5%-0.6% inflation in July - Econ Ministry
 
07/25 15:13   S.Korea does not plan sanctions against Russia, but anticipates difficulties due to Ukraine crisis - Seoul ambassador (Part 2)
 
07/25 15:11   Russian GDP growth slows to 0.6% in June from 1.3% in May - Econ Ministry
 
07/25 15:11   S.Korea does not plan sanctions against Russia, but anticipates difficulties due to Ukraine crisis - Seoul ambassador (Part 2)
 
07/25 15:10   Russian General Staff claims to have credible data about Ukrainian army use of phosphorous bombs
 
07/25 15:10   Rosaviatsia offers expert help to commission investigating Malaysian plane crash
 
07/25 15:09   Russian General Staff claims to have credible data about Ukrainian army use of phosphorous bombs
 
07/25 15:08   Rosaviatsia offers expert help to commission investigating Malaysian plane crash
 




 

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

July 25, 2014
 
15:05
RUSSIAN ECON MINISTRY FORECASTS 0.5%-0.6% INFLATION IN JULY
 
15:04
Rada coalition collapse, situation in govt provoked by chaos in Ukraine's state governance system - Batkivshchyna
 
15:04
RUSSIAN GDP GROWTH SLOWS TO 0.6% IN JUNE FROM 1.3% IN MAY, ECONOMY GREW 1% IN FIRST HALF OF 2014 - ECON MINISTRY
 
15:00
Ukraine opens criminal cases against Zyuganov, Zhirinovsky (Part 2)
 
15:00
Ukraine opens criminal cases against Zyuganov, Zhirinovsky (Part 2)
 
14:56
Rosneft boosts hydrocarbon production 4.6% in H1; oil output down 0.5% (Part 3)
 
14:52
Rospotrebnadzor voices grievances about quality, safety of McDonald's products (Part 2)
 
14:48
Protek could pay 1.9 rubles a share for H1
 
14:48
Georgia halves its military contingent in Afghanistan
 
14:48
Rusal raises 2014 aluminum market deficit forecast to 1.5 mln tonnes
 
14:47
China to close border with Kyrgyzstan for Eid al-Fitr holiday
 
14:46
 
14:43
Georgia halves its military contingent in Afghanistan
 
14:43
Georgia halves its military contingent in Afghanistan
 
 more headlines 



Interviews
 

.
Palestinian leader Mahmoud Abbas signals readiness for compromise and praises Russia’s role in settling conflict in Middle East in an exclusive interview with Interfax

more
.
.
Greek Ambassador to Russia Danai-Magdalini Koumanakou has given an interview with Interfax in which she speaks about Russian-Greek interaction following the aggravation of relations between the European Union and Russia, her perception of EU sanctions against Russia and the upcoming high tourist season.

more
.
.
Peter Poptchev is a Bulgarian diplomat and recently served as adviser to the country’s minister of economy and energy. He was part of the Bulgarian negotiating team for both the South Stream and Nabucco intergovernmental agreements (IGAs). In this interview, he tells Interfax that Gazprom’s South Stream project will benefit from the EU’s Third Energy Package (TEP).

more

 
  
 ©   1991—2014   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