Ukraine's Naftogaz Says Gazprom May Pay $3Bln Debt In Gas
Sumaira FH Published December 06, 2019 | 10:51 PM
Ukraine's Naftogaz proposed at talks with Gazprom in Vienna on Friday that the Russian company pay its accumulated debt in the form of gas supplies and declared its readiness to forfeit new court claims if a new favorable long-term transit contract is signed, Naftogaz CEO Yuriy Vitrenko said
"We have completed a new round of negotiations with Gazprom in the context of tripartite negotiations on gas transit ... To demonstrate our constructiveness, we said that we are ready to consider the possibility of receiving gas from Gazprom to pay off its debt [to Naftogaz] by the decision of the latest Stockholm arbitration [about $3 billion in total]," Vitrenko said in his Facebook blog.
According to Vitrenko, Naftogaz also announced its readiness to withdraw new court claims if a long-term contract for the transit of Russian gas is signed, which will cover all costs, and if the Ukrainian company is compensated by Gazprom for failure to meet its commitments under current contracts.
Recent Stories
Sindh home minister chairs law and order meeting
Bakht Kakar orders to ensure maximum facilities in livestock sector
NEPRA concludes hearing into FCA of DISCOs for March
Junta-led Burkina Faso suspends BBC, Voice of America for two weeks
Chairman COPHC lauds MoMA’s efforts at Gwadar Port, Free Zone
CM’s aide directs steps to prevent domestic violence against women
LESCO detects 74,621 power pilferers in 220 days
Regional Police officer (RPO) Shariq Kamal Siddiqui holds open court
LESCO collects over Rs 4.36m from 189 defaulters in 24 hours
Secretary health urges public to follow precautionary measures to avoid spreadin ..
PM directs formation of committee for consultation with provinces on carbon cred ..
UAF to ink MoU with Ethiopian universities
More Stories From Business
-
IP rights crucial in achieving SDG : Jam Kamal
51 minutes ago -
FBR’s data protection efforts commended by OECD assessment team
48 minutes ago -
US stocks rebound on tech earnings, London hits new record
2 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
2 hours ago -
SBP to announce monetary policy on April 29
2 hours ago -
50pc cut in subsidy of BRT service likely: CM’s aide
3 hours ago
-
PSX gains 771 points
3 hours ago -
Pakistan, US hold 7th TIFA meeting to strengthen trade and investment ties
4 hours ago -
Meeting held to streamline trade between Pak-Afghan , Central Asian Republics
3 hours ago -
Coca-Cola invests an additional $22 million in Pakistan
4 hours ago -
SECP Introduces SECP-XS: A swift complaint resolution platform
4 hours ago -
SBP to announce monetary policy on April 29
3 hours ago