Gazprom may fine Ukraine for low gas imports – CEO

15:11, 07 April 2009
Ukraine
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"We are discussing this..."

Russia`s Gazprom is studying whether to fine Ukraine for lower than agreed gas imports in the first quarter, Gazprom`s chief executive Alexei Miller told Reuters on Tuesday, Reuters reported.

"We are discussing this with our Ukrainian colleagues. This is spelt out in our agreements," he said.

Gazprom`s contracts with customers are based on a take-or-pay condition where importers are fined when they buy less gas than agreed. Gazprom has previously said it would not fine Ukraine given its strained financial situation.

Reuters

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