Ukraine has part-paid Gazprom Feb supplies-minister

KIEV, March 16 Sun Mar 16, 2014 8:52pm IST

KIEV, March 16 (Reuters) - Ukraine has paid in part for imports of Russian gas in February and has sufficient stores to provide for the summer period, Energy Ministry Yuri Prodan said on Sunday.

Prodan, speaking to journalists on the sidelines of a cabinet meeting, said Ukraine had paid Russian monopoly supplier Gazprom $90 million for its February supplies, leaving $350 million outstanding.

He put Ukraine's outstanding debts for 2013 supplies at $1.5 billion and said a payment schedule for this would be worked out once the government had reached a loan agreement with the International Monetary Fund, which wants energy sector reforms in exchange.

Gazprom estimates Ukraine's debts at $1.8 billion and said last week the country should use financial help promised by Western countries after three months of political turmoil, to help cover its gas debts.

The Russian state-controlled gas producer suggested earlier this month that a new conflict over gas payments and supplies - like disputes in 2006 and 2009 that halted supplies to Ukraine and beyond to European consumers - could break out, but added that it had no interest in a resumption of such disputes.

On Sunday Prodan denied any suggestion of a new conflict: "For the moment, we have received no declarations of this nature."

He added that a total of 7.9 billion cubic metres was now in underground storage areas, enough for the coming summer period.

Prodan also said operations for gas extraction in the Black Sea by Chornomornaftogaz were proceeding normally, with no effect from Russia's moves to take control of the Crimea peninsula.

He also said supplies of nuclear fuel from Russia for Ukraine's 15 nuclear reactors were proceeding normally as were shipments out of the country of spent fuel.

(Reporting by Natalya Zinets, Writing by Ron Popeski; Editing by Sophie Walker)

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Shares Hit Record

Sensex, Nifty rise to second consecutive record high

Sensex surges 500 points on BOJ easing, L&T gains

The BSE Sensex and Nifty surged to record highs for a second consecutive session on Friday after Bank of Japan's surprise expansion of its massive stimulus programme raised hopes for additional foreign inflows, boosting blue-chips such as Larsen & Toubro.  Full Article 

REUTERS SHOWCASE

Wilful Negligence?

Wilful Negligence?

SEBI piles pressure on Sahara to sell overseas hotels  Full Article 

Indian Economy

Indian Economy

India's fiscal deficit in H1 almost 83 pct of full-year target.  Full Article 

M&M Earnings

M&M Earnings

M&M Q2 net profit down 4 percent, hit by poor monsoon.  Full Article 

Ban on E-Cigs?

Ban on E-Cigs?

Govt considers ban on e-cigarettes, sale of single smokes.  Full Article 

Commodities

Commodities

Silver futures in India hit four-year low on global cues.  Full Article 

BOJ Policy

BOJ Policy

BOJ shocks markets with surprise easing as inflation slows.  Full Article 

Shadow Banking

Shadow Banking

China's shadow banking sector growing rapidly, third largest in world - FSB.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage