(MENAFN- Qatar News Agency) Russia warned Ukraine it may lose a discount to the gas price it now pays to "Gazprom" due to Kiev's outstanding gas debt.
Russia's state gas company Gazprom estimates Ukraine's outstanding gas debt at $1.55 billion for 2013 and gas deliveries so far this yea
"It seems that with such gas payments and fulfilment of its obligations Ukraine may not keep its current gas discoun
The gas discount agreement assumed full and timely payment," Gazprom spokesman Sergei Kupriyanov sai
Russian news agency Interfax cited a representative of the Russian energy ministry as saying that Moscow sees no reason to extend the discount to Ukraine for the second quarter, because of the outstanding deb
"If this continues to happen, is there any point in continuing the existing agreement on gas supplies at discount prices? No," the agency cited an unnamed ministry representative as sayin
"It is important that the proposal for a reduced gas price is confirmed quarterl
It would be stupid and wrong to extend it to the second quarter." Ukraine's newly appointed Energy Minister Yuri Prodan told reporters on Saturday that the price for Russian gas would stay unchanged in March but it could jump to around $400 per 1,000 cubic metres in the second quarter if the two sides fail to sign an agreemen
In December, Russia agreed to reduce gas prices for Kiev by about a third, to $268.50 per 1,000 cubic metres from around $400 which Ukraine had paid since 2009, after ousted President Viktor Yanukovich spurned an EU trade deal in favour of closer ties to Mosco
The deal allowed for the price to be revised quarterly between the 5th and 10th day of the first month every quarter
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