Gazprom, Naftogaz of Ukraine Discuss Settling Debt

Gazprom, Naftogaz Discuss Settling Debt

Alexey Miller, Chairman of Gazprom’s Management Committee and Andrey Kobolev, CEO of Naftogaz of Ukraine, held a working meeting.

The focus of the meeting fell on the necessity for Naftogaz of Ukraine to take the urgent action aimed at settling the accumulated debt for the supplied Russian gas. By now, Naftogaz owes more than USD 2.2 billion including overdue payments for March supplies.

“Grave concern was expressed regarding a considerable reduction of the working gas capacity in Ukrainian UGS facilities. In this situation they need to be replenished right now to satisfy the domestic demand during the forthcoming winter and, accordingly, to enable Naftogaz fulfill its obligations on uninterrupted Russian gas transit to Europe,” Gazprom said in a press release.

Press Release, April 03, 2014; Image: Gazprom