Trade Resources Market View The National JSC Naftogaz Ukrainy Transferred USD 850 Million to OJSC Gazprom

The National JSC Naftogaz Ukrainy Transferred USD 850 Million to OJSC Gazprom

Interfax reported that the National JSC Naftogaz Ukrainy transferred on December 7th 2012 over USD 850 million to Russian gas giant OJSC Gazprom for natural gas imported to Ukraine in November 2012.

Naftogaz Ukrainy has been meeting its obligations to OJSC Gazprom to pay for imports of natural gas on time and in full. It was earlier reported that the forecast for natural gas import and distribution in 2012 expects Naftogaz Ukrainy to import 27 billion cubic meters while Dmytro Firtash's Ostchem Holding Limited will import 8.124 billion cubic meter.

Naftogaz Ukrainy imported USD 808 million in Russian gas in January 2012, February USD 1.3 billion, March USD 865 million, April USD 628 million, May USD 648 million, June USD 1.05 billion, July USD 930 million and August USD 890 million, USD 1.056 billion in September and USD 1.043 billion in October.

The gas import price for Naftogaz Ukrainy in the Q1 of 2012 totaled around USD 416 per 1,000 cubic meters, Q2 around USD 425 per 1,000 cubic meters, Q3 around USD 426 per 1,000 cubic meters and in Q4 around USD 430 per 1,000 cubic meters.

According to Ukraine's State Statistics Service, imports of Russian gas to the country in 2011 totaled 40.0017 billion cubic meters in 2011 at a value of USD 12.361 billion.

Naftogaz Ukrainy unites the leading oil and gas production enterprises in Ukraine. The company holds the monopoly for transit and underground storage of natural gas as well as gas transport via pipelines throughout Ukraine.

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Naftogaz Transfers Usd 850 Million to Gazprom for Nov Gas Import
Topics: Metallurgy