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Protocol will be signed on October 8 to transfer gas stored in Ukraine to Gazprom's possession to settle a part of the Ukrainian debt
A protocol will be signed on October 8 to transfer gas stored in Ukraine to Gazprom's possession to settle a part of the Ukrainian debt, Ukrainian Fuel and Energy Minister Yuri Boiko said in a televised interview on Saturday. The debt exceeding 1.3 billion dollars owed to Gazprom was formed as companies working in Ukraine did not pay for gas stored in Ukrainian underground tanks. Companies have the gas, but they have not paid money for it to Gazprom, the minister said. Stored gas is usually sold in autumn and winter, and then payments are made or a loan is taken for payment, he said. Gazprom will sign a protocol on October 8 on the transfer of the gas in Ukrainian underground storage tanks to the Russian company's possession, and it will be counted as repayment of about 600 million dollars of the debt. The gas volumes were not destined for use on the Ukrainian market, Boiko noted. On Friday, the Russian company's press service said in Moscow that Gazprom head Alexei Miller and Ukrainian Fuel and Energy Minister Boiko would meet in the Russian company’s office on October 8 to continue talks on settlement of the debt for the gas supplied to Ukraine in 2007. On Tuesday, Gazprom sent a notification to its European partners about the Ukrainian debt of more than 1.3 billion dollars for gas. Taking into consideration the Ukrainian side's systematic failure to carry out contracts, Gazprom will have to begin to reduce gas supplies for Ukrainian consumers if the debt is not settled in October, the notification said. On October 3, Miller and Boiko had a working meeting in Gazprom's central office, and an agreement was reached that the current Ukrainian government would take control of solution of the problem to settle the debt before November 1, this year.
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