` Ukraine Will Pay $268 US-Dollars then Repay their Debt and Does Not Accept Russia’s Decision to Raise Price ‘

#AceFinanceNews – KIEV – April 05 – Ukraine is ready to buy Russian natural gas at a price of 268 U.S. dollars per 1,000 cubic metres, parliament-appointed Prime Minister Arseny Yatsenyuk said on Saturday, April 5.

He said Ukraine “does not accept” Russia’s decision to raise the price of gas from April 1 and regards it as “political pressure”.

“Political pressure will not pass. We do not accept the price of 500 U.S. dollars. Ukraine is ready to continue buying natural gas at the price that was in effect since the beginning of the year – 268 U.S. dollars. This is an acceptable and balanced price,” Yatsenyuk said.

He reiterated Kiev’s readiness to “make all payments for the previous gas supplies” and was waiting for Russia’s reply.

Gazprom CEO Alexei Miller said on Saturday that “the debt situation cannot continue endlessly. We cannot supply gas for free. The debt must be paid. And current deliveries must be paid in full, too. ”
He stressed that the debt was growing by the month and now only 20 percent of payments were collected, compared to about 50 percent just recently.

As a result, “Ukraine’s debt to Russia will grow by 5.6 billion U.S. dollars by the end of the year.
This is a huge amount of money. This is a very tangible negative result for Gazprom,” he said, adding that this money was already included in the company’s investment plans and budget.

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` Naftogaz Ukrainy's Debt to ` Gazprom ' has Risen to an Estimated $2.2 Billion with Due Account in March '

#AceFinanceNews – MOSCOW – April 03 – Ukrainian domestic joint stock company Naftogaz Ukrainy’s debt to Russian gas giant Gazprom is estimated at more than $2.2 billion with due account of March gas supplies, Gazprom said in a statement upon results of a meeting between CEO of Russian and Ukrainian energy companies Alexei Miller and Andrei Kobolev in the Russian capital on Thursday.

Also the price of gas for Ukraine is set at $485 per 1,000 cubic meters as of April 2014, Gazprom CEO Alexei Miller said.

Russian Finance and Oil News

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` Gazprom CEO Alexei Miller says that within two years,` Russia ‘ will start `Supplying Gas ‘to ` Europe’ through a new route, which will be protected from transit risks’

#AceFinanceNews – Moscow – Operator of the South Stream offshore pipeline construction, the South Stream Transport BV company, will sign construction contracts covering offshore pipe laying of Line 1 and supplying pipes for Line 2 before the end of the current month, Gazprom CEO Alexei Miller said on Tuesday, summing up results of the company’s Supervisory Board meeting, which approved signing the above-mentioned documents.

Among other things, the contracts also envisage activities aimed at the development of landfall facilities and construction of offshore crossings necessary for all four lines of the offshore gas pipeline both in Russia and Bulgaria.

Itar-Tass

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