Gazprom confirms Ukraine's payment for November gas

05/12/2009 10:09 (07:06 minutes ago)

The FINANCIAL -- According to RIA Novosti, Russian gas monopoly Gazprom confirmed on December 4 it had been paid in full by Ukrainian energy company Naftogaz for natural gas supplied in November.

"Naftogaz has paid in full for November gas supplies," a Gazprom spokesman said

Naftogaz said earlier on Friday it had paid $770 million for gas supplied last month. 

Gas dealings between the two ex-Soviet states have been closely followed in Europe after a dispute between MOSCOW and Kiev at the turn of the year left millions of Europeans without gas in January when Russia briefly cut off supplies to and transits via Ukraine .

Naftogaz has pledged further payments to provide "Ukrainian consumers with enough gas and ensure continuous transit" to the European Union despite a domestic economic crisis.

Ukraine transits around 80% of Russia's Europe-bound gas.

Source: http://www.finchannel.com/Main_News/Ukraine/53365_Gazprom_confirms_Ukraine's_payment_for_November_gas/

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