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    In June, Moscow switched Kiev to a prepayment system of gas deliveries in light of Kiev's gas debt of more than $5 billion. Since then, Ukraine has been receiving gas through reverse flows from several European countries and using its own reserves.

    Gazprom Recieves $378Mln From Naftogaz for 1Bln Cubic Meters of Gas

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    Russia-Ukraine Gas Conflict (292)
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    Russian energy giant Gazprom confirms receipt of $378 million from Ukraine's Naftogaz for the delivery of one billion cubic meters of Russian gas, according to statement of Gazprom spokesperson Sergei Kupriyanov.

    MOSCOW, December 6 (Sputnik) — Russian energy giant Gazprom has received $378 million from Ukraine's Naftogaz for the delivery of one billion cubic meters of Russian gas, Gazprom spokesperson told RIA Novosti on Saturday.

    "The money has been received," Sergei Kupriyanov said.

    On Friday, Naftogaz released a statement saying that it had transferred $378 million to Gazprom in prepayment for gas deliveries.

    In June, Moscow switched Kiev to a prepayment system of gas deliveries in light of Kiev's gas debt of more than $5 billion. Since then, Ukraine has been receiving gas through reverse flows from several European countries and using its own reserves.

    In October, Ukraine and Russia reached an agreement for the Russian gas to be supplied to Ukraine until March 2015. Kiev should also pay Moscow $3.1 billion by the end of 2014 in order to cover part of its outstanding debt. In November, Naftogaz transferred the first $1.45 billion tranche of the debt to Gazprom.

     

    Topic:
    Russia-Ukraine Gas Conflict (292)

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    Ukraine’s Naftogaz Transfers $1.45 Bln as Part of Gas Debt to Russia
    Tags:
    payment, gas, Naftogaz, Gazprom, Sergei Kupriyanov, Ukraine, Russia
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