Ukraine To Pay Gas Arrears If It Gets Contract First

Posted by Joseph R. Fonseca
Sunday, June 01, 2014
Ukrainian Prime Minister Arseniy Yatsenyuk

 

Ukraine is prepared to pay arrears to Russia for gas once it has a contract with Moscow and will take the country to court if it refuses to sign, Ukrainian Prime Minister Arseny Yatseniuk was quoted as saying by a German newspaper on Saturday.

Ukraine told Russia on Friday a $786 million partial payment on a bill that Russia says could exceed $5 billion by next week was on its way to Moscow. That averted an immediate threat that Russia would stop supplying the former Soviet republic with gas if it fails to make advance payments.

In an interview with Germany's Frankfurter Allgemeine Zeitung, Yatseniuk said Ukraine's only demand was to get a "fair contract" and gas should not be used as a "political weapon".

Ukraine insists on a price of $268.50 per 1,000 cubic metres while Russia stands by its demand for $485. The average gas price paid by European customers to state-run Gazprom is around $370.

"We would like a comprehensive market-oriented approach in Ukrainian-Russian gas relations. We're prepared to pay our arrears but first we must sign a contract," Yatseniuk said.

"If not, we'll take the case to court," he said, adding that this would be the best option if Moscow refused to come to an agreement.

He gave no further details on the law suit threat but said Russia had confiscated Ukrainian property, including gas, in Crimea, resulting inUkraine losing billions of dollars.

In a separate interview with German newspaper Die Welt, Ukrainian gas oligarch Dmytro Firtash said he would advise Yatseniuk to tell Russian President Vladimir Putin that Ukraine would pay its gas debts if Moscowreturned Crimea.

"We're not against paying but our territory was taken away from us. If you were to take my apartment should I continue to pay for electricity and gas?" Firtash was quoted as saying.

European Energy Commissioner Guenther Oettinger, who acted as a mediator during talks between Ukraine and Russia in Berlin, said both sides had agreed to continue talks on Monday in Brussels as long as the $786 million payment arrives in Gazprom's account on Monday morning as planned.

Oettinger said he was optimistic the energy dispute between Ukraineand Russia would be resolved next week, according to an advance copy of an article due to be published in Frankfurter Allgemeine Sonntagszeitung on Sunday.

"I think there's a good chance that we'll get normal supply relationships," he was quoted as saying, adding that major progress had been made on Friday and all sides had shown a willingness to come to an agreement.

Russia was prepared to negotiate a "fair market price," he said.

(Reporting by Michelle Martin; Editing by Lynne O'Donnell)

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Contracts

GE Gas Turbines to Power US Navy’s New Destroyers

The U.S. Navy’s new DDG 121 and DDG 122 Arleigh Burke-class destroyers will be powered by eight LM2500 marine gas turbines supplied by GE Marine, who also received

Tanker Retrofitted with Dual Fuel Engine

Caterpillar Marine informs it has begin a dual fuel engine retrofit conversion onboard the 472-foot Fure West tanker, owned by Furetank Rederi A/B. The MaK M 43

Diana Charters Containership to Maersk

Container shipping company Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Maersk

Legal

Harper Government Invests in Naufrage Harbor

The Honorable Gail Shea, Minister of Fisheries and Oceans, announced today an investment to improve safety and working conditions for fishermen at Naufrage Harbor, Prince Edward Island.

Ondimar Firms Order Suezmax Quartet at Navantia

Navantia and Maritime Transport Ondimar LDA (shipping company Ibaizabal Group) today ratified the contracts signed in late June and the financial structure for

Contship Italia Signs Iran MoU

Contship Italia Spa, also on behalf of Eurogate GmbH & Co. KGaA, KG, recently signed a strategic Memorandum of Understanding (M.O.U.) with Sina Port & Marine Company (SPMCO),

Finance

Harper Government Invests in Naufrage Harbor

The Honorable Gail Shea, Minister of Fisheries and Oceans, announced today an investment to improve safety and working conditions for fishermen at Naufrage Harbor, Prince Edward Island.

Strategic Marine’s Stock Program Full Power Ahead

Strategic Marine, the specialist shipbuilder and fabricator, has confirmed its stock program of personnel transport vessels is market-ready. “Our stock program

Shift to Contract Labor in U.S. Maritime, Offshore Sectors Underway

Maritime and Offshore recruiter Faststream has reported a shift in attitude towards temporary, project and consulting work following a recent survey to over 1,000 candidates in North America.

LNG

Tanker Retrofitted with Dual Fuel Engine

Caterpillar Marine informs it has begin a dual fuel engine retrofit conversion onboard the 472-foot Fure West tanker, owned by Furetank Rederi A/B. The MaK M 43

Canada's First LNG Ferry Launches with Bestobell Valves

Bestobell Valves is celebrating supplying cryogenic valves to Canada’s first LNG-fuelled ferry – the MV Armand-Imbeau II, which has recently been launched.   It

GasLog Orders Two LNG Carriers

GasLog Ltd. today announced that it has ordered two new 174,000 cubic meter LNG carriers from Hyundai Heavy Industries Co., Ltd. ("Hyundai") in South Korea.

News

Norwegian Epic to Sail from Port Canaveral

Port Canaveral will homeport Norwegian Cruise Line’s (NCL) largest ship and currently the third largest in the world—the Norwegian Epic—starting in November 2016,

GE Gas Turbines to Power US Navy’s New Destroyers

The U.S. Navy’s new DDG 121 and DDG 122 Arleigh Burke-class destroyers will be powered by eight LM2500 marine gas turbines supplied by GE Marine, who also received

TSB Investigating Ferry, Pleasure Craft Collision

The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Laval, Quebec, following a collision between the ferry Paule II and a pleasure craft which occurred on August 1.

People in the News

Injured Woman Rescued on Lake Washington

Coast Guard, Seattle Police Department, Seattle Fire Department, King County Sheriff’s Office and Washington Department of Fish and Wildlife personnel rescued

VARD SeaQ Bridge gets Lilaas touch

‘Finger-grip’ vessel control offering precise tactile feedback may seem radical for those accustomed to conventional levers, but the combination is proving a

USCG Investigate Tar Balls at Makaha Beach

The Coast Guard is investigating a report made July 29, 2015, by beachgoers of tar balls on the beach in Makaha on Oahu, Hawaii. Coast Guard Sector Honolulu

 
 
Maritime Security Maritime Standards Naval Architecture Navigation Pipelines Pod Propulsion Salvage Ship Simulators Shipbuilding / Vessel Construction Sonar
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.2353 sec (4 req/sec)