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Ukraine sets time frame for returning gas to Gazprom

      RBC, 14.03.2008, Moscow 13:27:35.Ukraine will return 1.4bn cubic meters of gas to Gazprom in the second and third quarters of 2008 as part of its debt payback for the supplies of Russian gas, Naftogaz of Ukraine chief Oleg Dubina told a press conference today. According to his statement, talks are still underway for returning a further 3.5bn cubic meters of gas for 2007.

      Meanwhile, Ukraine's Prime Minister Yulia Timoshenko pointed out at the press conference that Ukraine would return Russian gas consumed in January-February 2008 in the summer. She indicated that this would be Central Asian gas, with the return of consumed Russian gas to occur at the point when gas is pumped into underground storage facilities.

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