Wednesday, March 18, 2009

Gazprom has agreed to reduce gas deliveries Ukraine.

"Gazprom" has agreed to reduce the supply of natural gas to Ukraine in 2009 to 7 billion cubic meters - up to 33 billion cubic meters of gas. The statement was made by Ukrainian Fuel and Energy Minister Yuriy Prodan. His words refer edition "Ukrainian News".
"Russia is tentatively agreed, but on a documentary level, this has not yet been finalized," - said Prodan. In Gazprom's statement of the Ukrainian minister has not yet commented.
Recall that in early February, "Naftogaz Ukraine" formally requested the talks with the proposal to revise certain provisions of the gas contract, dated 19 January 2009. Under this contract, the Ukrainian holding company to buy from Gazprom 40 billion cubic meters of gas in 2009.
In March, "Naftogaz said that Ukraine's oil demand in 2009 will not exceed 55.9 billion cubic meters of gas, a quarter less than in 2008. About 20 billion cubic meters of gas Ukraine produces itself and the rest - is buying from Russia. "Naftogaz" forced to reduce purchases of gas, since the downturn in the economy led to a significant reduction in demand for fuel in Ukraine.
Under a contract between Gazprom and Naftogaz "19 January 2009, Ukraine was determined the minimum amount of gas that is to be imported every month. However, Gazprom will not be fined for Ukraine was discussed.
It is anticipated that in 2010 the volume of purchases of gas by Ukraine will be increased to 52 billion cubic meters a year. In doing so, "Naftogaz" will be obliged to pay a minimum of 80 percent from the volume, even if the gas it would not be needed.
Recall that under the current contract Ukraine buys Russian oil to 20 per cent discount from the market price of gas, determined by a special formula. Since 2010, Ukraine, which is Gazprom's one of the key markets in the near abroad, will receive free gas rebates.
Previously, as it became known that the export of "Gazprom" in the far abroad from January 1 to March 15, 2009 amounted to 24 billion cubic meters of gas to 40 billion cubic meters a year earlier. The Russian company in the first quarter of 2009 had planned to place in foreign countries 43.6 billion cubic meters at a total cost of 530 billion rubles. Given this situation, exports of Gazprom may reach about 29 billion cubic meters of gas. Because of the decline in demand for oil falls and revenue of Russian concern.
Recall that "Gazprom" has begun to reduce exports in the fourth quarter of 2008. In October and December last year, foreign consumers have been sold to 21 percent less gas than the same period of 2007.

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