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2019-12-30 11:15:00

GAZPROM PAYS TO UKRAINE $2.9 BLN

GAZPROM PAYS TO UKRAINE $2.9 BLN

REUTERS - Russia's Gazprom said on Friday it had paid Ukraine $2.9 billion to settle a legal row, part of a wider gas package deal reached last week.

Last week, Russia and Ukraine announced the terms of a new gas transit deal under which Moscow will supply Europe for at least five years via its former Soviet neighbor and pay a $2.9 billion settlement to Kiev to end a legal dispute.

In exchange, Kiev is set to drop another legal claim. Russia and Ukraine plan to sign the final deal before the end of this year.

A spokesman for Ukraine's energy company Naftogaz confirmed it had received the $2.9 billion from Gazprom.

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Earlier:

GAZPROM PAYS TO UKRAINE $2.9 BLN
2019, December, 25, 14:30:00
RUSSIA'S GAS IS CHEAPER
Gazprom is showing that the strategy chosen for 2020 -- and potentially over the longer term -- is to defend its market share in Europe by flooding the Continent with cheap gas, send alternative sources of supply, in particular LNG, out of the money, traders told
GAZPROM PAYS TO UKRAINE $2.9 BLN
2019, December, 25, 14:05:00
UKRAINE'S TARIFF FOR RUSSIA'S GAS
Ukraine is a key transit route for Russian piped gas exports to Europe and the existing deal between the two post-Soviet countries expires at the end of 2019.
GAZPROM PAYS TO UKRAINE $2.9 BLN
2019, December, 23, 13:40:00
GAZPROM THROUGH UKRAINE: 65 BLN M3
"The organizing company [Naftogaz] will reserve transport capacities for five years in the amount of 225 Bcm, including 65 Bcm for 2020, 40 Bcm for 2021 and subsequent years, subject to the establishment of a competitive tariff," Miller told reporters.
GAZPROM PAYS TO UKRAINE $2.9 BLN
2019, December, 23, 13:25:00
NORD STREAM 2 WILL BE COMPLETED: 2020
Switzerland’s AllSeas Group SA removed vessels that were laying the last section of the pipeline connecting Russia with Germany, which was just weeks away from completion, after U.S. President Donald Trump approved sanctions targeting the project.
GAZPROM PAYS TO UKRAINE $2.9 BLN
2019, December, 6, 13:50:00
RUSSIA'S GAS FOR EUROPE
Moscow says it does not want a “gas war” with Ukraine like the one in 2009 which led to supply disruptions in many European countries before the current agreement was signed.
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Tags: GAZPROM, RUSSIA, UKRAINE, NAFTOGAZ, GAS