Gazprom and Ukraine’s Naftogaz agree on ruble deals

Dec 05, 2011 12:00 AM

Russia’s gas company Gazprom and Ukraine’s Naftogaz signed a deal enabling the Ukrainian company to pay for Russian gas shipments in Russian rubles.
The agreement was signed by Gazprom’s CEO Alexei Miller and Ukrainian Energy and Coal Minister Yuriy Boyko. They also discussed bilateral cooperation, suggesting that negotiations on Russian gas prices for Ukraine could be completed before the end of the year.

Ukraine has been seeking a review of the 2009 gas deal with Russia since last spring, saying the price formula is unfair.
Russia has tied the gas price to the international spot price for oil, which has been rising strongly recently.

Market Research

The International Affairs Institute (IAI) and OCP Policy Center recently launched a new book: The Future of Natural Gas. Markets and Geopolitics.


The book is an in-depth analysis of some of the fastest moving gas markets, attempting to define the trends of a resource that will have a decisive role in shaping the global economy and modelling the geopolitical dynamics in the next decades.

Some of the top scholars in the energy sector have contributed to this volume such as Gonzalo Escribano, Director Energy and Climate Change Programme, Elcano Royal Institute, Madrid, Coby van der Linde, Director Clingendael International Energy Programme, The Hague and Houda Ben Jannet Allal, General Director Observatoire Méditerranéen de l’Energie (OME), Paris.

For only €32.50 you have your own copy of The Future of Natural Gas. Markets and Geopolitics. Click here to order now!


Upcoming Conferences
« June 2018 »
1 2 3
4 5 6 7 8 9 10
11 12 13 14 15 16 17
18 19 20 21 22 23 24
25 26 27 28 29 30

Register to announce Your Event

View All Events