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GAZPROM DEMANDED TGC-2 UNTIL MAY TO REPAY THE DEBT OF $ 4.4 BILLION

“Gazprom Mezhregiongaz” demanded JSC “TGC-2″ until may 1 to pay off arrears for gas, which at the beginning of March amounted to 4.4 billion rubles, according to the generating company.

In TGC-2 is called the demand unrealistic. “In fact, the gas supplier requires akreditovanniy company operating in addition in the context of growing debts to it on the part of consumers of heat and electricity (7.4 billion rubles at the moment) to list two months approximately 1/6 part of annual earnings,” the report says.

TGC-2 has sent “the Gazprom Mezhregiongaz their proposals for the repayment of arrears, presented in January at a meeting with Deputy Prime Minister Arkady Dvorkovich.“Gazprom in January-September increased net debt by 14%

Developed TGC-2 the plan for repayment of the overdue payables to subsidiary companies Gazprom provides for the transfer of the gas assets of the company in the repayment of the debt, and payment of the remaining debt through a part of that TGK-2 should be obtained from the creation of several joint ventures with Chinese investor, to the address of “Gazprom Mezhregiongaz”.

“However, despite the fact that the period of performance adopted at the meeting of the RF government decision has expired (March 2), the discussion of the proposed TGC-2 measures to reduce arrears to Gazprom Mezhregiongaz” not held,” the company said, adding that the meeting at the Department of oil and gas Ministry of energy 27 February breakthrough in the negotiations failed due to the unwillingness of representatives of the gas company to discuss the issue on the merits.

The unwillingness of the gas supplier to compromise starts the settlement of the debt in a deadlock, because historically the industry conditions TGC-2, and, above all, low payment discipline of consumers of heat and electricity, do not allow to enter the company of the chronic cash gap, and Bank lending rates have become more disadvantageous than previously stated in the company.

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