"Gazprom said Wednesday that it would pay $1 billion up front to Ukraine for gas transit to finance Kiev's purchases of gas for storage and to secure shipments to Europe in the winter of 2013-14.
Gazprom ships more than half of its gas to Europe via Ukraine. This year it aims to increase exports to Europe, where it provides a quarter of gas needs, to 150 billion cubic meters from 138 bcm last year.
The company also said its upfront payments to Ukraine's Naftogaz state energy company totaled $5.15 billion, enough to cover the transit fees until the beginning of 2015. The company's statement did not make clear whether this included the $1 billion for the coming winter."
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