Subscribe free to our newsletters via your
. Space Industry and Business News .




ENERGY TECH
Ukraine minister: Naftogaz debt to Gazprom to be resolved Monday
by Staff Writers
Kiev, Ukraine (UPI) Nov 4, 2013


disclaimer: image is for illustration purposes only

A dispute over late payment of $882 million owed by Ukraine's Naftogaz to Russia's Gazprom will be resolved Monday, a Ukrainian minister said.

Minister of Energy and Mines Eduard Stavytskyy told Ukrainian broadcaster Channel 5 Saturday during a soccer game between ministers and members of Parliament the problem of debts for Russian gas will be hammered out Monday.

He said the talks between Naftogaz and Gazprom are in the the final stages, but wouldn't reveal the nature of any of the negotiations, or if the government will step in to provide financial help for the Ukrainian company.

"I want to emphasize that the issue is actually solved and on Monday you will learn the details," Stavytskyy said.

He said last week he had given the two energy companies until Thursday to come to an agreement on the debt, but that deadline was pushed back until Monday.

"The main thing is that this issue has to be removed from the agenda, that it has to be resolved ... . It depends on how the talks go," he said.

The late payment for imported gas supplies has caused consternation on the part of the Russian suppliers.

Valery Golubev, Gazprom's deputy chief executive, threatened Wednesday that Naftogaz could face demands for prepayment for Russian gas supplies beginning as early as December if the situation isn't resolved soon, Radio Ukraine reported.

"They have said they may pay the debt," Golubev said. "They simply can't afford to switch to advance payment. It will be easier for them to find the money. That's my opinion."

Gazprom's right to demand advance payment is part of its contract with Nafotgaz, he said.

"If they don't actually make repayment soon -- and all the deadlines have come and gone -- it may turn out that, not having made advance payment for November, by Dec. 1 they will wind up in a situation where this contract provision takes effect," Golubev said. "We don't want these extreme measures and it would be extremely difficult for Ukraine, too. So, most likely, the government will help Naftogaz."

Ukrainian Prime Minister Mykola Azarov hinted Tuesday his government may not be willing to come to rescue for Naftogaz. He said while the issue of the natural gas debt with Russia remains "within the Ukrainian government's focus," it was primarily a problem of two companies, adding that while "certain problems exist ... they can hardly be called critical."

That prompted the warnings both from Golubev and Gazprom Chief Executive Alexei Miller, as well as from Russian Prime Minister Dmitry Medvedev, that demands for prepayment could be instituted.

Naftogaz has blamed the government for the late payment to Gazprom.

Deputy board Chairman Vadim Chuprun said last week Naftogaz hasn't received an expected $1.33 billion from the state budget to compensate it for the difference in rates between imported Russian gas and the price charged to to Ukrainian consumers, leading to a shortfall of $882 million, RIA Novosti reported.

Chuprun said Ukraine's energy ministry had drawn up amendments to the state budget to compensate Naftogaz for the $1.33 billion difference, but that the country's finance ministry didn't support the measures.

.


Related Links
Powering The World in the 21st Century at Energy-Daily.com






Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle








ENERGY TECH
Iraq oil pipeline bombed, pumping shut down
Kirkuk, Iraq (AFP) Nov 02, 2013
Militants bombed a major oil pipeline in northern Iraq early on Saturday, disabling it and forcing pumping to be suspended, security officials said. Three blasts went off along the pipeline, in Nineveh province, which runs to the Turkish port of Ceyhan, according to two security officials. They did not cause any casualties. An official with the state-owned North Oil Co in the city of ... read more


ENERGY TECH
Google boss says US data spying is "outrageous"

Historic Demonstration Proves Laser Communication Possible

UNC neuroscientists discover new 'mini-neural computer' in the brain

Birthing a new breed of materials

ENERGY TECH
Latest AEHF Comms Payload Gets Boost From Customized Integrated Circuits

Northrop Grumman Cobham Intercoms Receives First Order For AN VIC-5 Enhanced Vehicular Comms

Raytheon produces new US Army satellite communications terminals ahead of schedule

Lockheed Martin To Continue In Theater Support for Real-Time Surveillance

ENERGY TECH
ESA Swarm launch postponed

Europe's fifth ATV for launch by Arianespace begins its pre-flight checkout at the Spaceport

ILS Proton Launches Sirius FM-6 Satellite

Boeing Finalizes Agreement for Kennedy Space Center Facility

ENERGY TECH
China's satellite navigation system to start oversea operation next year

Russia, US to protect satellite navigation systems at UN level

Russia Retires Faulty Glonass-M Satellite

Raytheon demonstrates first Direct Geo-Positioning Metric Sensor

ENERGY TECH
Seoul eyes export market for its Surion light helicopter

Declassified: USAF tested secretly acquired Soviet fighters in Area 51

El Salvador to buy used attack planes from Chile

New Climate-studying Imager Makes First Balloon Flight

ENERGY TECH
JQI team 'gets the edge' on photon transport in silicon

Atomically Thin Device Promises New Class of Electronics

Tiny Sensors Put the Squeeze on Light

Quantum conductors benefit from growth on smooth foundations

ENERGY TECH
Astrium delivers microwave radiometer for the Sentinel-3A satellite

Time is ripe for fire detection satellite

Canadian Satellite SCISAT Celebrating 10 Years Of Scientific Measurements

Developing Next Generation K-12 Science Standards

ENERGY TECH
Gold mining ravages Peru

UCSB researcher documents the enduring contaminant legacy of the California gold rush

New low-cost, nondestructive technology cuts risk from mercury hot spots

Pollution debated in Canada's oil fields




The content herein, unless otherwise known to be public domain, are Copyright 1995-2014 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement