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Archive for January 4th, 2006

Naftogaz, RosUkrEnergo to form a joint venture

Posted by the Editor on January 4, 2006


News / 4 January 2006 | 16:50

Naftogaz, RosUkrEnergo to form a joint venture

Naftogaz, RosUkrEnergo to form a joint venture

National oil and gas company “Naftogaz Ukrainy” and “RosUkrEnergo” will form a joint venture for delivery of Turkmen and Russian gas to Ukraine, as declared Ukraine’s PM Yuri Yekhanurov during today’s press conference.

“The main gas deliveries will be accomplished by the joint venture, which is to be formed during January,” said Yekhanurov.

He noted that the corresponding agreement had been specified in the protocol, signed today’s night in Moscow by Gazprom President Aleksey Miller, Naftogaz President Oleksiy Ivchenko and two representatives of RosUkrEnergo. Ukrainian PM expressed a hope that the venture would start working from February 1.

Yekhanurov also noted that the joint venture would deliver about 40 milliard cu m of Turkmen gas and about 22 milliard cu m of Russian gas to Ukraine at $95 per 1000 cu m during this year.

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President comments on compromised gas price

Posted by the Editor on January 4, 2006


News / 4 January 2006 | 16:28

President comments on compromised gas price

President comments on compromised gas price

“The Ukrainian economy is prepared for new market conditions,” Victor Yushchenko said, presidential press office reported.

He reiterated that Ukraine was first to give up barter schemes by liberalizing gas prices according to transparent and clear mechanisms.

“Ukraine is observing all international transit agreements,” he stressed. “Ukraine is a reliable and stable partner of the European Union and Russia.”

The President also said he was convinced both Ukraine and Russia would benefit if they demonstrated political culture during negotiations.

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The EU hails gas agreement between Russia and Ukraine

Posted by the Editor on January 4, 2006


News / 4 January 2006 | 13:04

The EU hails gas agreement between Russia and Ukraine

The EU hails gas agreement between Russia and Ukraine

The European Union hails signing of gas agreement between Russia and Ukraine, but still wants to discuss the issue of gas supply to Europe, as declared Martin Bartenstein, Economy Minister of Austria.

The EU continues discussing reliability of gas supply to Europe and situation with Russia. “We would like to hear the countries’ opinion about gas storage. This is another important issue, though not so urgent,” said Bartenstein to journalists before the meeting with the EU energy experts, LIGA informed.

Today the EU representatives intend to discuss damage, caused to the EU countries by reduction of Russian gas supply, volume of consumed gas in Europe and means of its storage.

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Russia and Ukraine reached gas supply agreement

Posted by the Editor on January 4, 2006


News / 4 January 2006 | 12:03

Russia and Ukraine reached gas supply agreement

Russia and Ukraine reached gas supply agreement

Russia and Ukraine settled gas dispute having appointed “RosUkrEnergo” Company (joint venture of Gazprom and Raiffeisen Bank) a gas supplier to Ukraine.

According to five-year contract Gazprom will sell gas to “RosUkrEnergo” Company at $230 per 1000 cubic meters and Ukraine will buy gas from the company for $95, as informed Gazprom President Aleksey Miller.

Gazprom explained that the price difference would be compensated by inclusion of Turkmen, Uzbek and Kazakh gas into “RosUkrEnergo” balance.

Miller also reported that the sides had agreed about increase of tariff for gas transit via territory of Ukraine from $1.09 to $1.6 per 1000 cu m. The payment will be made by cash means only.

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