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Naftogaz of Ukraine is continuing negotiations with Gazprom on the possibility of reducing purchases of gas in 2010

Aug 11th, 2009 | By admin | Category: Main News

National Joint Stock Company (NAK) Naftogaz Ukraine promptly initiated to Gazprom the question of revision of volumes of gas supplies in 2010, who signed in January 2009, the contract defined by 52 billion cubic meters. m, the agency Interfax-Ukraine a source in the Ukrainian government.

The negotiations are, in particular, late last week to the nextround with the leadership of Naftogaz is held in Moscow, - he said.

The source recalled that were signed in January this year for the period up to 2019 gas contracts provide each party the right to initiate the revision of certain of their provisions, in particular, price and volume of supplies and transit. When informed that the requirement must be submitted in writing, after which the parties commit themselves to 20-day period to enter into negotiations, which have yet to three months.

If you change the volume of gas supply, the proposal must be submitted before July 1 the year preceding the year of supply, the agency stressed person, once again noting that Naftogaz Ukrainy timely initiated this issue.

At the same time, the contract for the supply, which contains the take or pay, Naftogaz Ukraine must buy a minimum of 80% contracted for a year of natural gas that, given the figures set out in the contract means the acquisition, at least, 41.6 bcm. m.

announced in the press commenting on the Ukrainian side projections on the average price of natural gas for 2010 at $ 275 per 1000 cubic meters. meters and the transit rate of $ 2.65 per 1000 cubic meters. m at 100 km, the source explained that their importance should not be exaggerated. The contract recorded a formula for determining the price of gas and transit rates, depending on the prices of petroleum products. Therefore, the figures obtained from the projection, which is very significant fluctuations in the price of oil will not - said the agency interlocutor.

Ukrainian side formally declared interest in reducing the volume of imports contracted in 2009 to 40 billion cubic meters. m to 33 billion cubic meters. m. According to the agency, the Ukrainian side would like to for next year also contracted only 33-35 billion cubic meters. m in connection with the projected low demand for gas because of the crisis.

Since the beginning of the year Naftogaz Ukrainy almost every month in breach of an agreement for the supply of part of the monthly purchases of natural gas by selecting it in less than specified amounts. The contract provides for delivery in the first quarter of 5 billion cubic meters, the second - 10 third - 12 and the fourth - 12.5 billion cubic meters, while NAC has imported in the first quarter of 2.8 billion cubic meters. m, April - 2.3 billion cubic meters. m, May - 2.38 billion cubic meters. m, in June - about 1 billion cubic meters. m.

Total imports for the first half will be about 8.5 billion cubic meters. m, which gives the right of Gazprom to present Naftogaz Ukrainy penalties in the amount of Ukrainian President Viktor Yushchenko estimates at 40 billion UAH ($ 5.25 billion).

Gazprom and the Russian government has verbally express refusal of a penalty, and Naftogaz of Ukraine, in turn, intended for the end of the year still perform the take or pay and to increase imports to 33 billion cu. m, which means that purchases in the second half 23,5-24,5 billion cubic meters. meters, or about 4 billion cubic meters. m per month.

Meanwhile, in July, Naftogaz Ukraine has acquired about 3 billion cubic meters. meters of Russian gas. According to experts, the transfer of purchasing natural gas for the second half due to a desire to Naftogaz Ukraine to wait for the price of imports. If in the first quarter it was $ 360 per 1000 cubic meters. m, the second - $ 271 per 1000 cubic meters. m, the third fell to $ 198 per 1000 cubic meters. m, and the fourth is expected to continue its decline.

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