Naftogaz transfers $40 mln advance payment for gas to Gazprom

Ukrainian state oil and gas company Naftogaz Ukrainy on April 2 transferred to Russia’s Gazprom the first $30-million tranche of an advance payment for the supply of natural gas in the second quarter, the Ukrainian company has said.

!!!!!!!!!!!!!!!! UAA1 !!!!!!!!!!!!!!!

The second, $20-million tranche for the supply of natural gas in April was transferred on April 14.

As reported earlier, on April 1, Ukrainian Naftogaz and Gazprom signed a three-month contract for the supply of Russian gas to Ukraine at a price of $248 per thousand cubic meters. According to Ukrainian Energy Minister Volodymyr Demchyshyn, the price of gas for Ukraine under reverse deliveries from Europe amounts to around $270 per thousand cubic meters.

The minister said that Ukraine would continue purchasing gas on the European market in spite of the decline in prices for Russian gas.

!!!!!!!!!!!!!!!!!!!!!!!! UAA2 !!!!!!!!!!!!!!!!!!!!!