Gazprom Plans to Use Part of Ukraine Payment to Cover Fines (click at title to entry - thank you)
By Guy Collins
Jan. 2 (Bloomberg) -- OAO Gazprom will use part of a $1.5 billion payment from Ukraine which it will receive on Jan. 11 to cover fines it says it is owed relating to gas deliveries.
Ukraine will still owe Gazprom $614 million after the $1.5 billion has been received, since the remaining funds will only cover part of the sum owed on gas deliveries, Gazprom spokesman Sergei Kupriyanov told a press conference in Moscow.
He also said Ukraine must pay for “technical” gas needed to keep pipelines flowing, and said supplies of gas to Europe through Belarus have been increased and have further capacity. He said it is not clear when Ukrainian officials will return for further gas talks. Last Updated: January 2, 2009 09:13 EST
UPDATE 1-Ukraine to divert some European gas on Jan 3-Russia (click here)
Fri Jan 2, 2009 9:37am EST
Fri Jan 2, 2009 9:37am EST
MOSCOW, Jan 2 (Reuters) - Ukraine has not given agreement to ship the full volume of gas to Europe on Saturday that Russia has requested, Russian gas export monopoly Gazprom (GAZP.MM) said on Friday.
"The Ukrainian side for the next 24 hours has not agreed to the needed transit volume," Gazprom spokesman Sergei Kupriyanov said at a Moscow news conference.
He said Ukraine had agreed to ship 296 million cubic metres (mcm) to Europe on Jan. 3, not the 303 mcm that Russia had requested.
As Ukraine does not recognise the validity of its transit contract with Russia, the two sides are agreeing what volumes to ship to European customers on a day-by-day basis.
He said Gazprom expected to receive most of the arrears it is claiming from Ukraine by Jan. 11, though $614 million will still be outstanding.
Kupriyanov also said Ukraine had admitted stealing gas volumes intended for European customers, and said Gazprom was increasing supplies to Europe. (Reporting by Conor Humphries; Writing by Christian Lowe; Editing by William Hardy)
"The Ukrainian side for the next 24 hours has not agreed to the needed transit volume," Gazprom spokesman Sergei Kupriyanov said at a Moscow news conference.
He said Ukraine had agreed to ship 296 million cubic metres (mcm) to Europe on Jan. 3, not the 303 mcm that Russia had requested.
As Ukraine does not recognise the validity of its transit contract with Russia, the two sides are agreeing what volumes to ship to European customers on a day-by-day basis.
He said Gazprom expected to receive most of the arrears it is claiming from Ukraine by Jan. 11, though $614 million will still be outstanding.
Kupriyanov also said Ukraine had admitted stealing gas volumes intended for European customers, and said Gazprom was increasing supplies to Europe. (Reporting by Conor Humphries; Writing by Christian Lowe; Editing by William Hardy)
