Naftogaz wants to cut gas purchases from Gazprom

The Cabinet jointly with Naftogaz of Ukraine, within the frames of formation of a bid to Gazprom on the gas volumes, which the Ukrainian side intends to buy, are trying to minimize its purchases at a higher price.
As ZN.UA sources informed, currently several possible schedules are discussed, by which the Ukrainian side will purchase gas from Gazprom.
The interlocutors said that the Cabinet and Naftogaz intend to minimize gas purchases at a high price of USD 378 per thousand cu m, at which, as agreed in Brussels, Ukraine will purchase gas until the end of 2014.
In this connection, the most profitable and possible gas volumes in the bid to Gazprom for November will be to the amount of 400 million cu m of gas, for December – 600 million cu m, i.e. a total of 1 billion cu m until the year end.
In turn, since January to March 2015, a price for gas for Ukraine will decrease to USD 365 per thousand cu m, therefore, the rest volume of necessary gas – about 3 billion cu m – the Cabinet and Naftogaz hope to get just at this lower price.
As it is known, thanks to the tripartite agreement, Ukraine got possibility to independently determine a schedule of bids for gas supply. At the same time, according to the sources, this was the only advantage, which Naftogaz received within the frames of the Brussels agreements.

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