Novak: the gas discount to Kiev depends on guarantees for the purchase in the first quarter

Novak: the gas discount to Kiev depends on guarantees for the purchase in the first quarter


Discount on gas for Ukraine depends directly on its guarantees for the purchase of Russian gas in the first quarter of 2016, said the Minister of energy of Russia Alexander Novak.

MOSCOW, 18 Dec. Russia links the question of granting discounts on gas for Ukraine with its guarantees for the purchase of Russian gas in the first quarter of next year, said the Minister of energy Alexander Novak.

“Naturally, when we give, we want to understand how much volume of gas to be purchased in accordance with the contract. In the same way as in the fourth quarter, where it was stated that “Naftogaz” will buy two billion cubic meters of gas within the funds provided by the European Commission, it is expedient and in the first quarter to understand how much they will buy. So I think that is absolutely correct,” added Novak, commenting on the question of whether the interrelated issues of guarantees of purchases of gas from Naftogaz and question discounts.

In winter gas package, which Ukraine, Russia and the EC was initialled on 25 September, agreed to purchase by Naftogaz from Gazprom 2 billion cubic meters of gas on a credit of 500 million dollars attracted using the EC. As part of the winter package, the government of the Russian Federation extended to Ukraine in the fourth quarter a discount of about $ 20 per thousand cubic meters. With the discount price for this period is 227.36 USD per thousand cubic meters.

Ukraine in the framework of the “winter package” has resumed purchases of Russian gas on 12 October, and after November 25, once again stopped. During this period, “Naftogaz” total transferred “Gazprom” of 542 million dollars in payment for gas, this amount corresponds to the volume in 2,383 billion cubic meters of gas.