The Verkhovna Rada has adopted law No. 2706 on writing off fines imposed on heating and water supply companies due to late payments for gas and electricity. Some 253 deputies voted for the law. The document also suggests the introduction of a moratorium on imposing new fines on heating and water supply companies in the…
National joint-stock company Naftogaz Ukrainy is discussing with the European Bank for Reconstruction and Development (EBRD) the possibility of expanding a credit line with the limit of $300 million raised at the end of 2015 from the bank to buy natural gas in Europe, Naftogaz Ukrainy commercial director Yuriy Vitrenko said. The current credit line…
Russia’s gas producer Gazprom offers a lower price for natural gas supplies to Ukraine than European countries, chief executive officer of Ukraine’s state gas company Naftogaz Ukrainy Andrey Kobolev said. “The price Gazprom is offering ($167.57 per 1 thousand cubic meters) is slightly lower than that of European suppliers”, he said, adding that the gas…
Kyrgyzstan is again considering the issue of electricity supply from Tajikistan in summer, the department of information support of the government reported. The deputy prime minister Oleg Pankratov held a meeting on preparations for the autumn-winter of 2016/2017 and discussed the accumulation of water in the Toktogul reservoir. He instructed the National Energy holding of…
Preliminary data suggests that as of July 1, Ukraine’s international reserves amounted to the equivalent of $13.98 billion. The stock of international reserves keeps increasing for a third consecutive month. In June, international reserves expanded by 3.3% MOM, or by $452 million. In annual terms, international reserves rose by 36.3% YoY. June’s increase in international…
Hearings by the Arbitration Institute of the Stockholm Chamber of Commerce in litigation between national joint-stock company Naftogaz Ukrainy and Russia’s Gazprom over the natural gas supply and transit contracts signed early 2009 will start late September and late November or early December, respectively, Naftogaz Ukrainy board chairman Andriy Kobolev said. He said that the…
Hungary is ready to increase funding for the projects in Azerbaijan through the state Eximbank in case of necessity, Imre Laslotsky, Hungarian extraordinary and plenipotentiary ambassador to Azerbaijan, said. “Eximbank’s credit line worth $200 million was opened for these purposes within the framework agreement”, Laslotsky said. “In case of necessity, the amount of funding can…