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Business Europe

Kiev promises to pay its debt to Gazprom

Text by AFP

Latest update : 2008-11-24

Ukraine's state gas company Naftogaz moved to reassure its Russian counterpart Gazprom that it would honour its debt following a new threat to cut gas supplies. In 2006, Gazprom had stopped supplying Ukraine over a similar dispute.

Ukraine on Monday vowed to pay off a debt for gas to Russia following threats by the Russian energy giant Gazprom to halt deliveries, the government said.
  
Ukraine's state gas company Naftogaz "will honour its debt to Gazprom", said the firm's chief Oleg Dubina in a meeting with Prime Minister Yulia Tymoshenko, the government's press service said.
  
"We will go to Moscow to find ways to solve this problem. I think that these questions will be resolved," he added.
  
Gazprom warned on Saturday it would cut off gas deliveries to Ukraine on January 1 unless a new contract is signed, in a move that would risk a repeat of 2006's interruptions to gas supplies to Europe.

Date created : 2008-11-24

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