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Ukraine PM confirms state company's gas debt

      RBC, 11.02.2008, Kiev 13:30:06.Ukrainian Prime Minister Yulia Timoshenko confirmed today at a press conference in Kiev that Naftogaz of Ukraine owes RosUkrEnergo (RUE) $1.072bn for natural gas supplies, RBC Ukraine reported.

      According to the Ukrainian PM, Naftogaz had collected $216m from consumers for October 2007, but this money was never transferred to RosUkrEnergo, and not a single document has been located to trace where this money went. A similar scheme was seen in dealing with a $394m debt for November and a $462m debt for December, Timoshenko stressed.

      The Ukrainian PM also announced that Kiev would seek to negotiate a restructuring of Naftogaz of Ukraine's debts to RosUkrEnergo during talks with its Russian counterpart. Timoshenko declared that it was impossible for Ukraine to pay off its natural gas debts within a short period.

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