Kiev to Moscow: Novoro-who? Can we Get a Gas Discount?

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August 26th, 2015 – 

– Politnavigator – translated by Soviet Bear –

Ukrainian “Naftogaz” has requested from the Russian “Gazprom” for a partial advance payment for transit of Russian gas to Europe. The Ukrainian company hopes to acquire a supply of gas for the winter for these money. Note that this scheme worked between Ukraine and Russia during the rule of former President Yanukovych, and its restoration was discussed in Minsk at meeting of the heads of the Ukrainian and Russian gas companies Andriy Kobolev and Alexey Miller. How likely is the return of advance schemes of cooperation, the parties have not yet told us.

The last time Gazprom gave Ukraine an advance payment was the summer of 2013, then Ukraine filled it’s storages with $ 1 billion worth of natural gas. Ukraine is now asking for $ 750 million, this matches with a 4-month payment for gas transit.

The idea of return to the old format work arose from Kiev after it became clear that European Finance the purchase of gas for the winter for Ukraine and the country will just freeze.

Ukraine is trying to negotiate loans totaling up to $ 1 billion with the World Bank, the European Bank for reconstruction and development and IFC for several months already but still unsuccessfully. “No one wants to give us money,” admitted the head of the Ukrainian Ministry of energy Vladimir Demchishin. Not a single European gas company wants to fill Ukrainian gas storages at their own expenses. Meanwhile, the European Commission requires that the storages of “Naftogaz” to be injected with at least 19 billion cubic meters of gas till the beginning of the winter

Miller and Kobolev talks in Minsk were the first bilateral negotiations between “Gazprom” and “Naftogaz” for six months. The last time Kobolev and Miller met face to face in May 2014, later, the leaders of the two companies met only with mediation of the EU representatives. In 2015 instead of Alexey Miller, Gazprom was represented at the negotiations by energy Minister Alexander Novak.

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