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Ukraine to significantly up reverse gas supplies from May 21 under new contract

15-05-2014 14:29

Ukraine is planning to significantly increase reverse gas supplies through Hungary from May 21 under a contract that was signed on May 14, Naftogaz CEO Andriy Kobolev has said.

"Yesterday a contract was signed with a large European company, which will allow us to significantly increase reverse supplies from May 21 at a price that is acceptable for us," he said at a press conference in Kyiv on May 15.However, he declined to say with which company the contract had been signed, and on which terms, saying these were commercial secrets.