Ukraine asks for reverse supplies of 30 bcm of gas through Slovakia

Brussels, Jun 25, 2014

Ukraine has asked the E.U. to launch 30 billion cubic meter reverse gas supplies through Slovakia, Energy and Coal Industry Minister Yury Prodan told E.U. Energy Commissioner Gunther Oettinger Wednesday.

“We have signed a memorandum which stipulates that the maximum amount of small reverse supplies stands at 22 million cubic meters daily. There is another option, large reverse supplies, which may provide us with up to 30 billion cubic meters of gas annually,” Prodan said.

Larger reverse supplies can only be launched on consent from Gazprom.

Ukraine consumes more than 50 billion cubic meters of gas per year. Earlier in June, Gazprom halted gas supplies to Ukraine due to non-payment of debt.

Under a memorandum between Ukraine and Slovakia, Slovakia will start supplies of 3.2 billion cubic meters of gas annually in October.

Kiev and Brussels will discuss the schedule and preparations for another round of trilateral negotiations on gas debt and supplies with Russia later on Wednesday, Prodan said.

Prodan said that Kiev is ready to sign a package agreement which will strictly stick to the proposals made by the E.U. to Russia at the latest round of talks.

At the last round on June 11, the E.U. said that Kiev’s debt amounts to U.S. $1.54 billion. The E.U. recognized the cancellation of part of Gazprom’s discounts in April, and the gas price stood at $385 for 1,000 cubic meters, not at $500 as Gazprom insists.

Ukraine earlier demanded that Gazprom kept a $285 price both in calculation of the debt and as the price for future supplies.

Source: PRIME, 2014

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