Belgium: 'Russia won't impose take-or-pay on Ukraine, gives $100 discount' - Energy Minister Novak

Video ID: 20141030-041 W/S Russian Energy Minister Aleksandr Novak, European Commission Vice President and European Commissioner for Energy Guenther Oettinger, European Commission President Jose Manuel Barroso, Minister of Energy and Coal Industry of Ukraine Yuri Prodan, and others at podiums [cutaway] SOT, Aleksandr Novak, Russian Energy Minister (in Russian): “The Russian side is providing a discount during this period in the amount of $100 per 1,000 cubic metres, from November 2014 to March 2015. In the coming days the goverment of the Russian Federation will [legislate] for the appropriate solution. The discount will help keep the price at $378 per 1,000 cubic meters. Accordingly, the price for the first quarter of 2015 will consist of a conjuncture of prices, the calculation formulas and a discount by the Russian Federation. Also, it was agreed that the take-or-pay mode would not be implemented during this period.” W/S Russian Energy Minister Aleksandr Novak, European Commission Vice President and European Commissioner for Energy Guenther Oettinger, European Commission President Jose Manuel Barroso, Minister of Energy and Coal Industry of Ukraine Yuri Prodan, and others at podiums [cutaway] SOT, Guenther Oettinger, European Commission Vice President and European Commissioner for Energy (in German): "With this, the door for the revival of the gas partnership will be opened." W/S Russian Energy Minister Aleksandr Novak, European Commission Vice President and European Commissioner for Energy Guenther Oettinger, European Commission President Jose Manuel Barroso, Minister of Energy and Coal Industry of Ukraine Yuri Prodan, and others at podiums [cutaway] SCRIPT Russian Energy Minister Aleksandr Novak said Russia will provide a discount of $100 (€79.28) per 1,000 cubic metres of gas sold to Ukraine from November until March 2015, which he added would keep the price at $378 (€300) per 1,000 cubic metres. Speaking Thursday in Brussels, Novak also stressed that Russia will not enforce a take-or-pay regime on Ukraine this winter. His words came as Ukraine, Russia and the European Union signed an interim deal for Russian natural gas supplies to continue flowing to Ukraine for winter. Russia and Ukraine signed a deal on gas supply and transit conditions until March 2015 following talks in Brussels. Russia's Energy Minister Aleksandr Novak and Ukrainian Energy Minister Yuri Prodan signed the agreement alongside European Energy Commissioner Guenther Oettinger, who mediated the talks. Kiev is thought to need around four billion cubic metres of Russian gas to stay warm during the winter, while over 15 percent of Russian gas to Europe transits through Ukraine. Before Ukraine can begin receiving Russian gas again, it must first pay off a $1.45 billion (€1.15 billion) debt in the coming days, and another $1.65 billion (€1.31 billion) in an advance payment by the end of the year, for a total of $3.1 billion (€2.46 billion). Commenting on the agreement, Oettinger said, "the door for the revival of the gas partnership will be opened." Facebook: http://www.facebook.com/Ruptly Twitter: http://twitter.com/Ruptly LiveLeak: http://www.liveleak.com/c/Ruptly Google Plus: http://google.com/+RuptlyTV Instagram: http://www.instagram.com/Ruptly YouTube: http://www.youtube.com/user/RuptlyTV DailyMotion: http://www.dailymotion.com/ruptly Video on Demand: http://www.ruptly.tv