Naftogaz decides to pay debt to Ukrnafta for disputable 2 bcm of natural gas

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Open source

Naftogaz of Ukraine intends to pay UAH 17.3 billion this year to Ukrnafta for the disputable 2 billion cubic meters of gas produced and used for the needs of the population in 2006, Ukrainian News reports.

In March 2019, the shareholders of Ukrnafta agreed to solve the problem of the tax debt of the company, reached UAH 15.8 billion by August, according to the SFS. Under the agreement, Naftogaz promised to buy 4.06 billion cubic meters of gas from Ukrnafta at a market value. Of this volume, 2 billion cubic meters is disputed gas, which was produced in 2006 and was used for the needs of the population. Ukrnafta was trying to recover funds from Naftogaz for these volumes of gas since 2014.

The operation will succeed after approval by the Cabinet.

As The Journalist reported, Naftogaz in Court in The Hague names cost of assets Russia seized in Crimea.

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