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Naftogaz and Gazprom in dialogue over gas restart

A letter proposing a nine-month return to Russia/Ukraine gas trading could lead to another winter package deal between the two countries A letter proposing a nine-month return to Russia/Ukraine gas trading could lead to another winter package deal between the two countries.
By Alexey Novikov, Dmitry Koshevoi and Joshua Posaner 7 June 2016 Europe & Russia / Global Markets 0 20587
Naftogaz Ukrainy Chairman Andriy Kobolev in April 2014. (Gazprom)

Ukraine’s Naftogaz Ukrainy has proposed restarting direct imports of Russian gas for nine months if Gazprom will allow it to replenish stocks before the winter heating season at a competitive rate.

Gazprom confirmed it had received a letter from the Kiev-based company, with the Russian export monopoly’s Chief Executive Alexei Miller, saying on Tuesday that it included a proposal to renew deliveries for the nine months running through H2 2016 and Q1 2017.

"The change in sentiment of the Ukrainian company is understandable. The...