Saturday, December 17, 2016

Naftogaz has no plan to buy Russian gas in winter without signing additional agreement

Naftogaz Ukrainy does not intend in the current winter to buy natural gas from Gazprom without signing an additional agreement to the contract for its sale and purchase, head of the state holding Andriy Kobolev has said.

"If the Russian colleagues do not accept the standard terms of the contract [do not sign the additional agreement that is traditional in recent years] by the end of winter, we are unlikely to buy gas from them," he said at a press conference in Kyiv.


As reported, Naftogaz insists that in addition to providing a favorable price offer it is necessary to sign an additional agreement with the abolition of the "take or pay" rule for the period of gas purchases in accordance with the holding's prepayment. In addition, the document should clearly define the points of gas delivery to Ukraine to prevent its supply to the uncontrolled territory of Luhansk and Donetsk regions.

The price of gas under the contract between Russia's Gazprom and Naftogaz Ukrainy is now is $178-183 per 1,000 cubic meters, while from the first quarter of 2017 it will rise to $200-210 per 1,000 cubic meters.



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