Gazprom confirms payment from Naftogaz, negotiations set to resume Dec. 2

Gazprom today confirmed that it received the initial payment from Naftogaz of Ukraine for its reported USD 2.4 bln debt. Last week, Naftogaz officials said that they agreed with Gazprom to repay USD 380 mln by December 1, after which negotiations on settling the remainder of Naftogaz’ debt and the gas price for next year should be resumed. Gazprom officials said in a TV interview today that negotiations would be renewed on December 2.