From the Official Website of the European Commission, Press release, Brussels, 30 October 2014:
"After seven rounds of gas
negotiations, last night's talks moderated by Günther H. Oettinger,
Vice-President of the European Commission, yielded finally a
breakthrough: A 4,6 billion dollar winter package, agreed by Russia and
Ukraine, secures gas for Ukraine - and ultimately also for Europe.
José Manuel Barroso, President of the European Commission who witnessed today's signing of the winter package, said: "I
am delighted that I can announce a major success at the end of my
mandate as President of the European Commission. With our strong
support, Ukraine and Russia have today found agreement on their
outstanding energy debt issues, and on an interim solution that enables
supplies to continue this winter. I am glad that political
responsibility, the logic of cooperation and simple economic sense have
prevailed."
Günther H. Oettinger, Vice-President of the European Commission, said: "This
breakthrough will not only make sure that Ukraine will have sufficient
heating in the dead of the winter. It is also a contribution to the
de-escalation between Russia and Ukraine."
The winter package consists of two documents:
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A binding protocol, signed by the European Commission (Vice-President Oettinger), the Russian Federation (Energy Minister Alexander Novak) and Ukraine (Energy Minister Yuri Prodan);
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An addendum to the existing gas supply contract, signed by Gazprom of Russia (CEO Alexey Miller) and Naftogaz of Ukraine (CEO Andriy Kobolyev);
The package covers the period from now until the end of March 2015 and includes the following main points:
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Debts: Ukraine would settle its debts based on a preliminary price of $268,5/ 1000m3 by making payments in two tranches: 1,45 billion dollar without delay, and 1,65 billion dollar by the end of the year 2014. This adds in total up to 3,1 billon dollar of debt payment. The final price and thus the final sum of debt will be determined through the pending arbitration by the Arbitration Institute of the Stockholm Chamber of Commerce between Gazprom and Naftogaz.
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New gas: Russia will deliver gas following advanced, monthly payments by Ukraine. The price is below $385/ 1000m3 and calculated according to a formula in the present contract and a price reduction through a discount in export duties by the Russian Federation. Ukraine is free to order as much gas as it needs and is not subject to take-or-pay obligations foreseen in the current contract. Ukraine foresees to purchase 4 bcm until the end of the year 2014, meaning 1,5 billion dollar.
In the last weeks, the European
Commission has been working intensively with the International Financial
Institutions (IFI) and Ukraine to help Ukraine prepay for deliveries of
gas in the coming winter. Unprecedented levels of EU aid will be
disbursed in a timely manner, and the International Monetary Fund (IMF)
has reassured Ukraine that it can use all financial means at its
disposal to pay for gas. Further work with the IFIs on financial
assistance to Ukraine, also in relation to gas supplies, will still
continue, but all three sides are reassured that Ukraine will have the
necessary financial means."
http://europa.eu/rapid/press-release_IP-14-1238_en.htm?locale=en
30/10/14
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Ukraine, Russia, EU agree to natural gas supply deal ...
ReplyDelete(Reuters) - Ukraine, Russia and the European Union signed a deal on Thursday that will see Moscow resume vital supplies of gas to its ex-Soviet neighbor over the winter in return for payments funded in part by Kiev's Western creditors.
After several failed rounds of talks in recent weeks as conflict rumbles on despite a ceasefire with pro-Russian rebels in eastern Ukraine, the accord also eases concerns that a new "gas war" could disrupt winter supplies if energy to EU states, notably through pipelines shut down across Ukraine since June.
With overnight temperatures already nudging below freezing in Ukraine, European Commission President Jose Manuel Barroso hailed an accord clinched in Brussels barely 24 hours before he and the rest of his team make way for a new EU executive...............http://www.reuters.com/article/2014/10/31/us-ukraine-crisis-gas-idUSKBN0II0XQ20141031?feedType=RSS&feedName=worldNews
30/10/14
Barroso Hopes Gas Deal Helps to Improve Russian-Ukrainian Relations ...
ReplyDeleteThe European Commission chief Jose Manuel Barroso, following trilateral gas talks in Brussels, said he hopes that the gas agreement will help to improve the Russian-Ukrainian relations.
"I have hopes that this agreement will have the opportunity to improve relations between Ukraine and Russia," Barroso said after the trilateral talks.
Barroso also stated that all sides agreed to follow the terms of the contract, as no one will benefit from the new disruptions of gas deliveries...............http://en.ria.ru/russia/20141031/194873731/Barroso-Hopes-Gas-Deal-Helps-to-Improve-Russian-Ukrainian-Relations.html
31/10/14
Novak: in the coming days the first tranche of $1.4 billion will be received from Ukraine ...
ReplyDeleteUkraine has confirmed it has money to pay for Russian gas supplies.
The first tranche of $1.451 billion to repay Ukraine’s debt for gas supplies in November and December will be transferred in the coming days, Russian Energy Minister Aleksandr Novak told reporters.
Russia will resume supplies of natural gas to Ukraine in January only after Kiev repays wholly its debt of $3.1 billion, Novak told reporters on Friday.
“Today’s document explicitly states that in November supplies of gas to Ukraine could be resumed only after Ukraine transfers its first tranche of $1.451 billion within its debt for gas,” Novak said. “It should transfer another $1.6 billion till the yearend. Only then we will be able to provide it with gas in January and the document stipulates this................http://en.itar-tass.com/economy/757518
31/10/14
Gaz russe: l'Europe peut être tranquille (Oettinger) ...
ReplyDeleteLes Européens peuvent être tranquilles pour les livraisons de gaz russe pendant la période hivernale, a déclaré jeudi soir à Bruxelles le commissaire européen à l'Energie, Günther Oettinger.
"Nous, les citoyens de l'Europe, pouvons dire assurément que les livraisons de gaz pour cet hiver sont garanties. J'estime que nous sommes parvenus à une percée que nous devons à toutes les parties impliquées dans les discussions", a déclaré M.Oettinger au cours d'une conférence de presse organisée à l'issue de négociations trilatérales Russie-Ukraine-Commission européenne.
Lire la suite: http://french.ruvr.ru/news/2014_10_31/Gaz-russe-lEurope-peut-etre-tranquille-Oettinger-2686/
31/10/14
Settlement of remaining Ukraine debt to be discussed after Stockholm arbitration decision ...
ReplyDeleteSettlement of remaining Ukrainian debt for the Russian gas will be discussed after a decision of Stockholm’s arbitration, Russia’s Minister of Energy Alexander Novak told reporters on Friday.
Ukraine’s Naftogaz and Russia’s Gazprom will continue arbitration court procedures, he said.
“The invoices were based on the prices for each month of supplies. The invoices for November-December 2013 were based on the price of about $389 per 1,000 cubic metres, for April-May-June — on about $495. This very difference between the invoiced $5.3 billion and the $3.1 billiob, which we have agreed would be settled before the end of December, is not disappearing. We have agreed now that the issue of settling this overdue payment would be discussed after a decision of Stockholm’s arbitration. In case of a final decision, we may correct respectively the overdue payment,” the Russian minister said.
http://en.itar-tass.com/economy/757554
31/10/14
The protocol on the delivery of Russian gas to Ukraine as part of the "winter package" is not legally binding, Russian Energy Minister Alexander Novak said Friday....
ReplyDelete"The document is not legally binding…It is a declaration of intent and agreement, reached within the framework of trilateral talks. Understandably, it is more of a political document that reflects the main agreements," Novak said.
According to the energy minister, the fulfillment of the agreements will be in line with the current contract between Russian energy giant Gazprom and Ukraine's Naftogaz company.
http://en.ria.ru/business/20141031/194894384/Protocol-on-Winter-Package-Gas-Deliveries-Not-Legally-Binding.html
31/10/14
The price of Russian natural gas for Ukraine in the fourth quarter of 2014 and the first quarter of 2015 will be reduced by the size of an export duty discount, which will be granted by Russia’s government, according to a protocol published in Friday....
ReplyDeleteThe protocol signed in Brussels on Thursday at the three-party gas talks between Moscow and Kiev with the EU’s mediation on Russian natural gas supplies to Ukraine was posted on the Ukrainian government’s website.
Under the protocol, the export duty reduction will be calculated under the following formula: “If the price is $333.33 and more per 1,000 cu m, the discount will amount to $100. If the price is lower than $333.33, the discount will equal 30% of this price,” the protocol says.
The document says that Ukraine will make payments for natural gas before it is supplied...................http://en.itar-tass.com/economy/757653
31/10/14
Russian Prime Minister Signs $100 Discount on Russian Gas Supplies to Ukraine...
DeleteMOSCOW, November 1 (RIA Novosti) - Russian Prime Minister Dmitry Medvedev has signed a decree according to which a $100 discount will apply on export tariffs if the price for 1,000 cubic meters of gas supplies to Ukraine is $333.3 and more.
"The signed decree prescribes, on a temporary basis until March 31, 2015, a special procedure for calculating the rates of export tariffs depending on the level of the contract price for the natural gas delivered from the territory of the Russian Federation to the territory of Ukraine," the decree said.
According to the document, a discount of $100 will apply if the price for 1,000 cubic meters of gas stands at $333.3 and more. Should the price be less than $333.3, the discount will form only 30 percent of the price.
"The current decree shall apply to the legal relations arising from November 1, 2014," the decree added...................http://en.ria.ru/business/20141101/194962393/Russian-Prime-Minister-Signs-100-Discount-on-Russian-Gas.html
1/11/14
"Газпром" подтверждает получение платежа в $1,45 млрд от "Нафтогаза Украины" ...
ReplyDelete"Газпром" подтверждает получение платежа в 1,45 млрд долларов от "Нафтогаза Украины". Об этом сказал журналистам официальный представитель ОАО "Газпром" Сергей Куприянов.
"Газпром получил от банков подтверждение перечисления средств от НАК "Нафтогаз Украины" в размере 1,45 млрд долларов в счет погашения части задолженности за ранее поставленный российский газ", - сказал Куприянов.
"Нафтогаз Украины" объявил о переводе "Газпрому" первого платежа за газ на сумму $1,45 млрд 4 ноября. Во вторник кабинет министров Украины разрешил НАК "Нафтогаз" использовать зарезервированные на счету в Национальном банке (НБУ) средства для проведения расчетов с российской компанией "Газпром". В частности, "Нафтогаз" может использовать для погашения долга за поставленный "Газпромом" газ средства из суммы в $3,1 млрд.................http://itar-tass.com/ekonomika/1551763
5/11/14