You're reading: Naftogaz returns about 7 billion cubic meters of gas to RosUkrEnergo

Naftogaz Ukrainy, in pursuance of a ruling by the Arbitration Institute of the Stockholm Chamber of Commerce, is to return about seven billion cubic meters of natural gas to Swiss-registered gas trader RosUkrEnergo, Naftogaz CEO Yevhen Bakulin told reporters on March 1 on the sidelines of the Ukrainian energy forum organized by the Adam Smith Institute.

At the same time, he declined to specify the deadline for the return of 12.1 billion cubic meters of gas to RosUkrEnergo.

"The repayment schedule will depend on the temperature conditions," Bakulin said.

He also said that the return of gas to RosUkrEnergo would not affect the provision of domestic consumers with gas, as well as gas transit through Ukrainian territory.