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Gas talks: Oettinger proposed supply agreement for coming winter

EU News 393/2014

Berlin, 26 September 2014

At today's gas talks in Berlin, Vice-President Guenther Oettinger proposed a new compromise to secure gas supplies to Europe and the Ukraine during the winter season.


The proposal envisages the following comittments:

- Ukraine would settle its debts based on a preliminary price of $268,5$/1000m3 by making payments in two tranches: 2 Billion $ by the end of October and 1,1 Billion $ by the end of the year.

- Gazprom and Naftogaz agree that at least 5 bcm based on a price

of 385$/1000m3 will be delivered to Ukraine in the coming winter with the possibility for Naftogaz to order more gas if needed. 5 bcm is the minimum volume Ukraine considers it would need in the coming winter.

The details of the proposal will be discussed by both governments and may be subject to another round of trilateral talks next week.

Source and additional information:

Günther Oettinger, Vice-President of the EC in charge of Energy, Aleksandr Novak, Russian Minister for Energy, and Yuriy Prodan, Ukrainian Minister for Energy and Coal Industry, participated in the EU/Russia/Ukraine trilateral meeting which aims to ensure continued gas supplies and transit. Handshake between Aleksandr Novak, on the left, and Günther Oettinger Date: 26/09/2014 Reference: P-026293/00-05 Location: Berlin - EC/Representation (C)EU, 2014 URL