Ukraine, Russia set to strike winter gas deal on Friday

Ukraine, Russia set to strike winter gas deal on FridayUkraine and Russia will seek to strike a deal on gas supplies to Kiev for the upcoming winter at a new round of talks in Brussels on Friday, the European Commission announced, Morning Star reported citing Alliance News.

Russian Energy Minister Alexander Novak and his Ukrainian counterpart Volodymyr Demchyshyn will meet at 15:00 GMT on Friday, "with the firm objective to finalize the so-called winter package for the winter period 2015/16," the commission said in a statement, according to Morning Star.

The meeting, convened by commission Vice President Maros Sefcovic, will also include representatives of Russian energy giant Gazprom and Ukrainian supplier Naftogaz.

Gazprom chief Alexei Miller announced in Vienna last week that an agreement had been reached in principle, under which Kyiv would resume its purchases of Russian gas on October 1, while paying upfront for deliveries.

As earlier reported, Ukraine has suspended gas purchases from Russia on July 1.

Ukraine's officials stated they need 19 billion cubic meters of gas in the underground storage facilities in order to comfortably get through the heating season.

Negotiations on the upcoming winter package have focused on gas prices and volumes, financing and delivery conditions, an EU source said on condition of anonymity, Morning Star reports.
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Август 2022    »