Putin to hold government meeting on gas to Ukraine

Putin to hold government meeting on gas to Ukraine

YEREVAN, April 9. /ARKA/. Russia’s Putin will meet with the government today to discuss gas supplies to Ukraine, presidential spokesman Dmitry Peskov said as quoted by Voice of Russia.

In the second quarter of this year, Gazprom increased gas price for Ukraine to $385.5 per 1,000 cubic meters, as Ukraine's Naftogaz had failed to meet its commitments on timely payment of gas bills and debt repayment under the amended agreement that set the gas price at $268.5.

In response, Kiev said the gas price fixed by Russia did not suit them. Parliament-appointed Minister of Economics and Coal Industry Yuriy Prodan said Ukraine "won't acknowledge this price," because "it is unfair." It is not a market price, Prodan said.

"The contract cites no reasons for changing the price, for example by sharply increasing it," Prodan said.
He suggested that Russia and Ukraine gather in the beginning of each quarter to negotiate a co-efficient to adjust the formula to $268.5." There are no obstacles to it," the Ukrainian minister said.

“We cannot deliver gas for free, so they need to pay off the debt,” said Alexei Miller, Gazprom chief executive. “They also need to pay for 100 per cent of current supplies,” he said, adding that the situation “cannot continue indefinitely”, he said as quoted by the Financial Times.

Russia in 2009 halted gas transit through Ukraine amid a price dispute that caused serious disruptions in eastern European gas markets. During the first price dispute in 2006, Ukraine allegedly siphoned EU-bound gas for domestic needs after Russia sharply reduced transit flow. Russia supplies about 30 per cent of Europe’s natural gas, with almost half of it piped through Ukraine. –0--

11:37 09.04.2014

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