Subscription and demo access


 
About Interfax
Press Releases
Products & Services
Contact us
Customer Login
 


Headlines
 

08/22 19:47   Capitalization of Russian stock market increases 0,34% on Tuesday
 
08/22 19:46   Results of Interregional Trading for OFZ & OBR
 
08/22 19:46   Tula industry produces 20% of Russia's armaments - governor
 
08/22 19:43   MICEX rises near 1950 on external optimism, led by Mechel
 
08/22 19:40   Serebrennikov's guilt proved by witness testimony, search results, financial documentation - Investigative Committee
 
08/22 19:37   Poroshenko says he to suggest deploying peacekeepers to Donbas at UN General Assembly in Sept (Part 2)
 
08/22 19:36   Gazprom promises to build extra 200 km of Power of Siberia gas pipeline in 2017
 
08/22 19:34   OSCE monitors must be present for disengagement in Stanytsia Luhanska - Poroshenko
 
08/22 19:33   Uzbekistan to lift excise, customs duties on flour, other food imports
 
08/22 19:30   Poroshenko calls for OSCE mission access to Ukraine-uncontrolled border section with Russia
 


 

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:

August 22, 2017
 
19:37
Poroshenko says he to suggest deploying peacekeepers to Donbas at UN General Assembly in Sept (Part 2)
 
19:36
Gazprom promises to build extra 200 km of Power of Siberia gas pipeline in 2017
 
19:34
OSCE monitors must be present for disengagement in Stanytsia Luhanska - Poroshenko
 
19:33
 
19:30
Poroshenko calls for OSCE mission access to Ukraine-uncontrolled border section with Russia
 
19:21
Rescuers remove threat of fire spreading to houses near Volgograd - Emergency Situations Ministry
 
19:19
First batch of Alligators to be delivered to Egypt in summer
 
19:19
Mikhail Gutseriev completes merger of financial assets into Safmar Financial Investments
 
19:18
Poroshenko to propose during Normandy Format phone call declaring truce in Donbas effective from Aug 25 or Sept 1
 
19:12
Georgia asks EU to help fight fire in Borjomi Gorge
 
19:08
Upgrading capacity at Pavlik to 13.6 tonnes of gold a year estimated to cost 12 bln rubles
 
19:07
GAZPROM SPEEDS UP POWER OF SIBERIA - 1,300 KM TO BE BUILT BY YEAR-END - PRESS RELEASE
 
19:06
Patrushev to discuss Russian-Kyrgyz security cooperation in Bishkek
 
19:05
Turkish helicopters begin extinguishing fire in Georgia's Borjomi Gorge
 
 more headlines 



Interviews
 

.
Sudanese State Minister for Foreign Affairs Atta Elmanan Bakhit has given an interview to Interfax during his visit to Moscow in which he speaks about a visit of Sudanese President Omar al-Bashir to Russia, bilateral Russian-Sudanese economic and military cooperation and describes sanctions in the global politics as "immoral and illegal".

more
.
.
Secretary General of the League of Arab States has given an interview with Interfax in the wake of his negotiations with Russian Foreign Minister Sergei Lavrov in which he speaks about the participation of Arab countries in the Astana process, Russia‘s political and military role in Syria, as well as prospects for resuming Syria‘s membership in the Arab League.

more
.
.
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

 
  
 ©   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