Gazprom: Ukraine to pay part of gas debt by Dec 1

13:49, 25 November 2008
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For all September and some October deliveries

Russian gas export monopoly Gazprom said on Tuesday Ukraine has agreed to repay by Dec. 1 its gas debt to Russia for all September and some October deliveries, Reuters reported.

Gazprom said in a statement, issued after talks in Moscow between Chief Executive Alexei Miller and the head of Ukraine`s Naftogaz, Oleg Dubina, the sides would continue talks on gas cooperation after Dec. 1.

Gazprom said future supplies to Ukraine would only be possible after it receives full payment of the gas debt, which Gazprom estimates at $2.4 billion.

"As was stated during the talks... the move to direct long-term contracts between Gazprom and Naftogaz Ukraine is only possible on the condition of Ukraine`s full repayment of the debt," Gazprom said in the statement.

Reuters

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