Wednesday, September 30, 2015

NAFTOGAZ: Terms of the "winter package", including natural gas price, agreed by the Ukrainian, Russian and European sides

Volodymyr Demchyshyn, Minister of Energy and Coal Industry of Ukraine, Aleksander Novak, the Russian Energy Minister, and Maroš Šefčovič, Vice-President of the European Commission, have discussed and agreed all substantial commitments of the governments of Russia and Ukraine, as well as the European Commission which are to be included in the Binding Protocol within the framework of the new gas supply "winter package".
All key components of the Addendum to the gas supply agreement between Naftogaz and Gazprom have been agreed. The signing of this protocol will require a separate procedure. Russian Energy Minister Alexander Novak said Moscow offered a cut of "about $20" per 1,000 cubic metres from the provisionally set price of US $252. The Wall Street Journal reported that the tentative deal became possible after a $1 billion financing package provided by international financial institutions led by the World Bank. Read more at http://www.naftogaz.com