Gazprom’s Position

Date: 
Friday, February 27, 2015
Body: 

Could gas supplies to Ukraine really be stopped?

Yes, unless Naftogaz makes a prepayment for the next month. They have 206mcm of pre-paid supplies left, according to yesterday’s data. Given the current level of daily intakes, supplies could stop by the end of this week.

What could you say about those unmatched nominations and Naftogaz complains?

Date: 
Tuesday, December 9, 2014
Body: 

At 10:00 MSK on December 9th 2014, Gazprom commenced delivery of gas to Naftogaz Ukrainy. Gazprom will deliver 43.5 million cubic meters of gas per day for the remainder of December.

On December 5th, Gazprom confirmed receipt of a pre-payment of $378.22m from Naftogaz for the supply of 1 billion cubic meters in the month of December.

Date: 
Friday, October 31, 2014
Body: 

Yesterday the final round of trilateral gas negotiations between Russia, Ukraine, and the European Union took place in Brussels. The parties have successfully reached a temporary solution safeguarding the security of gas supply until 31st March 2015.

The agreed protocol states that during the period November 2014 until 31st March 2015 payment will be carried out before delivery takes place. Gazprom has committed to deliver all paid for volumes and has agreed to forgo invoking the take-or-pay clause during the period.

Date: 
Friday, August 29, 2014
Body: 

Today, following meetings with EU Commissioner Guenther Oettinger and Russian Minister for Energy Alexander Novak, Gazprom CEO Alexei Miller confirmed that Gazprom had not received any signal from Naftogaz about the Ukrainian company’s readiness to repay debts for natural gas supplied to Ukraine in previous months so far. He noted that once Naftogaz has paid $1.45b of debt it owes Gazprom for 2013 gas deliveries, as well as paid part of its debt for gas shipments in April-May 2014, deliveries of natural gas to Ukraine can resume.

Date: 
Wednesday, July 9, 2014
Body: 

"Overall Ukraine didn't pay for 11.5 billion cubic meters of gas, a giant volume close to that delivered to Poland annually," said Gazprom Chief Executive Alexei Miller on July 8.

"The unwillingness of Ukraine ... to pay for Russian gas is becoming chronic and once again shows that the move to pre-payment, which is foreseen in the contract, is the only real solution," Miller continued.

Ukraine's debt for gas deliveries in the first half of June totalled $838 million, which brings its total debt to $5.3 billion.

Date: 
Friday, July 4, 2014
Body: 

Gazprom confirms that Russian gas flows to Europe via Ukraine remain stable. No reductions in pressure or volumes have been observed.

Date: 
Tuesday, June 24, 2014
Body: 

Russian natural gas transit to Europe via Ukrainian pipelines is proceeding normally, according to Gazprom spokesman Sergei Kupriyanov.

Gas shipments to Europe through Ukrainian pipelines approximately 214mcm in past 24h period, says Mr Kupriyanov.

Date: 
Monday, June 16, 2014
Body: 

As of 10am today (Moscow time), in full compliance with the existing contract, Gazprom switched “Naftogaz Ukraine” to the prepayment mode for gas supplies.

The decision was made because of chronic non-payments by “Naftogaz Ukraine”. The company’s outstanding debt for Russian gas deliveries is $4.458bn: $1.451bn for November-December 2013, and $3.007bn for April-May 2014.

According to the preliminary bill for gas deliveries in June, no payment has been received either. As of today, the Ukrainian company will receive the amount of Russian gas it will have paid for.

Date: 
Monday, June 16, 2014
Body: 

OAO Gazprom appealed to the Stockholm International Arbitration against Naftogaz Ukraine to recover Ukraine’s $4.5bn debt, following the improper performance of contractual obligations concerning natural gas purchase and sale by Naftogaz Ukraine (Contract №KP from 19 January 2009). The company accumulated a large debt for natural gas deliveries under the Contract and failed to pay for the current gas supply.

As of 10am (Moscow time) 16 June 2014, in compliance with the Contract, OAO Gazprom will only supply Naftogaz Ukraine with the amounts of gas it will have paid for.

Date: 
Friday, June 13, 2014
Body: 

Today, Gazprom CEO Alexey Miller confirmed that 16 June is the final deadline for the $1.95 billion gas debt payment by Ukraine for gas consumed in November and December 2013, which also includes a $500 million partial payment for gas consumed in April and May 2014. Alexey Miller thanked the European Commission, and personally Günther Oettinger, European Commissioner for Energy, for taking a constructive approach to the three-side negotiations process with Ukraine. However, Mr Miller also confirmed that no further extension of the payment deadline will be granted to Ukraine.

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