News Energy Naftogaz suggests extending gas supply deal with Gazprom

Naftogaz suggests extending gas supply deal with Gazprom

“Naftogaz welcomes the European Commission's proposal to discuss the follow-up of the Binding Protocol signed by Russia, the European Commission and Ukraine on October 30, 2014 in Brussels, which would last at least until the end of the next winter period. 
In support of this proposal and to ensure cooperation between the companies, Naftogaz has sent Gazprom a letter in which the company expresses support for extending the "winter package," says a statement Monday.
he Vice President of the European Commission in charge of Energy Union Maros Sefcovic said the European Commission was ready to hold a trilateral meeting of the EC, Russia and Ukraine in Brussels in mid-April. Naftogaz said it’s willing to participate and discuss the proposals.
Ukraine’s inability to pay for larger amounts of gas signals that its ailing economy is far from stabile. The country is currently preparing to initiate negotiations with creditors over restructuring its debt.
Naftogaz is planning to open a permanent office in Brussels to ensure contact with the European Commission, European regulators and suppliers.
In the first quarter of 2015 the gas price for Ukraine was $329 per thousand cubic meters.
Sources: Russia Today, Reuters