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    Energy Minister Alexander Novak at a news conference in Moscow on the situation with gas supplies to Ukraine.

    Novak Hopes Gazprom, Naftogaz Can Agree on Gas Supply From April 2015

    © RIA Novosti . Alexey Kudenko
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    Russia-Ukraine Gas Conflict (292)
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    Russian Energy Minister Alexander Novak expressed his hope that Gazprom and Naftogaz will return to a constant dialogue and will elaborate new concrete steps to secure deliveries after the so-called “winter package” expires.

    BRUSSELS, October 31 (RIA Novosti) — Russian Energy Minister Alexander Novak, following trilateral gas talks between Russia, Ukraine and the European Union said that he hopes Gazprom and Naftogaz will be able to agree on a continuation of Russian gas deliveries to Ukraine after the so-called “winter package” expires.

    “Of course our companies, Gazprom and Naftogaz, will return to a dialogue. I think that today’s agreement will allow them to continue the dialogue on a constant basis, and new concrete steps will be prepared to secure deliveries from April,” Novak told journalists after the trilateral talks.

    On Thursday, Ukraine, Russia and the EU have signed a “winter package” agreement, which embodies resumption of Russian gas deliveries to Ukraine and uninterrupted transit of gas to the EU during the winter months.

    In particular, Ukraine agreed to pay $1.451 billion in Russian gas debt immediately, prepay for at least 4 billion cubic meters of gas, and to pay a total of $3.1 billion to cover part of its debt to Russian energy giant Gazprom by the end of the year. At the same time, Russia agreed to give Ukraine a $100 per 1,000 cubic meters discount until March 2015 in a form of export duty reduction.

    However, the "winter package" will only be valid up until March 31, 2015.

    Topic:
    Russia-Ukraine Gas Conflict (292)

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    gas debt, gas talks, Naftogaz, Gazprom, Alexander Novak, Ukraine, Russia
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