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Gazprom To Boost Drafting Of Contracts On Gas Supplies To Ukraine (11:42, Tuesday, October 14, 2008)

The managing board of Russian gas monopoly Gazprom has urged its sectoral divisions to prepare for talks on gas supplies to Ukraine and signing of relevant contracts.

Gazprom said this in the report.

The board also urged the divisions to take needed measures on redemption of the debt for the gas delivered to Ukraine, continue work over launching of new scheme of relations in the gas sector with Ukraine, and iron out gradual switch to the market prices for the fuel.

As Ukrainian News earlier reported, on October 2, Ukraine and Russia reached agreement on gas cooperation through signing a corresponding memorandum.

In this memorandum the sides welcome establishment of direct long-term relations from 1 January 2009 between Gazprom and Naftohaz Ukrainy in supplies of gas to Ukraine in the amount required to ensure gas balance for its consumers.

The parties also confirmed the aspiration for gradual pass during three years to market economically sound and mutually beneficial prices as for imported natural gas, so as tariffs for transit of gas through Ukraine.

The memo also supports Gazprom and Naftohaz Ukrainy jointly exports of natural gas.

Currently, RosUkrEnergo, registered in Switzerland, monopolizes gas supply to Ukraine, selling fuel at the Ukrainian-Russian border to Naftohaz Ukrainy.



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