Kiev Seeks Prepayment for Moscow Gas Transit

Kiev Seeks Prepayment for Moscow Gas Transit

The chief executives of Ukraine's Naftogaz, Olexiy Ivchenko, and of Russia's Gazprom, Alexey Miller, held an unexpected bilateral meeting for the first time since May 2014. Naftogaz asked Gazprom for a prepayment for the transit of Russian gas to Europe via the Ukrainian territory, which Kiev would then use to buy gas for winter, Sputnik reported. Ukraine has 13.9 billion cubic meters of gas in its underground storages and needs three billion more to make it through the winter. This would cost $750 million, which is equivalent to the price of gas transit for three months. Kiev suggested resorting to the old Yanukovych-era prepayment schee with Russia because its foreign partners fell short of Ukraine's expectations. No one from the World Bank, International Finance Corporation and the European Bank for Reconstruction and Development has yet agreed to provide Kiev a $1 billion loan that might be used to purchase gas.


Short URL : https://goo.gl/7zJDsr
  1. https://goo.gl/HEGV0o
  • https://goo.gl/km5KI6
  • https://goo.gl/t0QGnd
  • https://goo.gl/dGJ4rq
  • https://goo.gl/Pb47xI

You can also read ...

Canada Ships Biggest Oil Consignment to China
A tanker loaded with around 514,000 barrels of oil has set...
Japan to Toe US Line, Stop Iranian Oil Imports
Japanese oil distributors are preparing to stop importing...
Saudis Reap Benefit From US-China Trade War
Saudi Aramco is winning thanks to US President Donald Trump’s...
Oil Prices Set to Drop Over Excess Supply
Crude prices rose on Friday, but were still set for a weekly...
South Pars has 24 standard phases, most of which are fully operational.
The giant South Pars Gas Field in the Persian Gulf is slated...
7 Power Projects Take Off
Energy Minister Reza Ardakanian on Thursday inaugurated seven...
Oman to Finalize Gas Supply Contract by August
Tehran and Muscat are planning to sign a final agreement on...