Sergei Kupriyanov Gas Quotations

We have information from the ground that shows Ukraine has started illegally siphoning off Russian gas destined for European consumers.

We are fully prepared to restrict gas supplies to Ukraine after December 31, if there is no contract.

Ukraine refused, which shows that the Ukrainian authorities planned a conflict from the very beginning, i.e. to tap, or rather steal, gas intended for European consumers.

Ukraine is taking the gas from our European partners. We decided to compensate the stolen gas for our partners.

The price for natural gas and other energy resources has increased several times in recent years. And leaving the price for Ukraine unchanged or slightly raising it would be unreasonable.

We have signed a contract based on a European price formula, which allows us to begin selling gas at a price of $230 for 1,000 cubic meters starting from January 1.

On Dec. 31, we got a document from Turkmenistan saying that in line with our contract for January, they are shipping 141.7 million cubic meters per day. This volume is the maximum pipelines from Turkmenistan can carry. We were not aware of any gas going to Ukraine. That would have been impossible.

We understand that it is cold, but it is not only cold in Ukraine. We are currently providing more gas for all our consumers, both in Russia and abroad, and we do not plan to put up with the fact that gas destined for European consumers is being used in Ukraine and is not even reaching the border. Nobody gave Ukraine the right to take more gas than the contracted volume.

We have been forced to start the operation to lower the pressure in Ukraine's gas pipeline system.

We have fully completed work to restore gas supplies to Europe. At this time we are carrying out deliveries to European consumers in full.

If there is no contract, gas delivery to Ukraine's users will be stopped at 10 o'clock in the morning on January 1.