Ukraine’s Naftogaz receives USD 578 mln from Gazprom for gas transit
State-owned Naftogaz Ukrainy received USD 578.4 million in January from Russia’s Gazprom to ensure natural gas transit during three months, Naftogaz CEO Yuriy Vitrenko said on his Facebook page, as cited by Interfax-Ukraine.
Vitrenko said that this amount makes up almost a third of the national budget receipts in January 2020. As reported, the transit contract signed between Naftogaz Ukrainy and Gazprom in 2009 expired at on January 1, 2020. A new agreement between the companies were signed late on December 30, 2019.
The contract provides for the transit in 2020 of at least 65 billion cubic meters (Bcm) of Russian gas, which in daily terms is 178 million cubic meters. In 2021-2024 transit will be 40 Bcm, Interfax-Ukraine says.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.