Gazprom, Naftogaz Ukrainy and Rosukrenergo sign agreements to settle gas issues

abarrelfullabarrelfull wrote on 30 Nov 2010 17:59
Tags: gas gazprom ukraine

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Gazprom, NAK Naftogaz Ukrainy and Rosukrenergo AG signed a set of agreements to settle several outstanding issues related to interaction in the gas sector.

According to the documents, Rosukrenergo AG will pay off its USD 810 million debt to Gazprom Group.

Naftogaz Ukrainy will return 12.1 billion cubic meters of gas to Rosukrenergo following a Stockholm Arbitration Court ruling.

Moreover, Rosukrenergo AG will repay its USD 1.7 billion debt to NAK Naftogaz Ukrainy.

Thus, all disputes over gas supplies in 2008 and 2009 were resolved by the set of agreements signed.

The accords reached will maintain the Ukrainian gas balance and ensure that the 2010–2011 heating season requires no additional borrowings by NAK Naftogaz Ukrainy.

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