News
11.06.2014
Ukraine and Russia repeatedly fail to agree on gas
Ukraine and Russia once again failed to agree on the terms of natural gas supply, and Kyiv continues to insist on determining a fair market price.
Energy and Coal Industry Minister Yuriy Prodan said after the current round of tripartite talks on the terms of Russian gas supplies in Brussels, Wednesday, a special correspondent of Ukrinform reported.
"Ukraine wants to have a fair market price, which is formed based on market mechanisms and is consistent with the rules and mechanisms that operate in the European Union today. Unfortunately, the Russian side proposed a mechanism for formation of the gas price for Ukraine, which I would call political. Russia has proposed a so-called "discount." We have already seen how it works... Such a mechanism is unacceptable for the Ukrainian side. So, unfortunately, we could not agree on a package deal today," the Ukrainian Minister said.
He stressed that the Ukrainian side wants to have a mechanism to set a "non-discriminatory, fair and non-political" price.
In turn, Russian Energy Minister Alexander Novak said that in view of the proposed discount at USD 100/1,000 cubic meters of natural gas, the price for Ukraine should be USD 384.86 today.
"The offered price at USD 384.86 is not the market price today. We have a lot of offers, particularly on the reverse gas supplies, which are much lower by price indexes,” the Energy Minister of Ukraine commented on the price, offered by the Russian side.
Evaluating the results of the talks and their prospects, Prodan said that the only mechanism regulating the situation is getting the decision of the Stockholm arbitration court.
