Gazprom Held Talks with Russian President on Gas Supply to Ukraine

The Chairman of the Gazprom Management Committee, Alexey Miller informed Russian President Vladimir Putin on the current situation with gas supplies to Ukraine.

It was pointed out that starting from April 1, Ukraine was facing a new price for Russian gas. Taking into account the discount granted by the Russian Government through export duty reduction, the price equals USD 247.18 per 1,000 cubic meters. The discount is effective throughout the second quarter.

With due consideration for the aggravated situation in the Ukrainian economy, Gazprom agreed to make an allowance for Naftogaz of Ukraine and gave up its intent to penalize the Ukrainian company this time for its failure to fulfill the ‘take-or-pay’ condition under the 2009 contract.

Gazprom also deems it possible to support the statement by the Ukrainian counterparts concerning the prolongation of the no-penalty period under ‘take-or-pay’.

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