RWE AG – via its trading and gas midstream arm RWE Supply & Trading – is the first European supplier to commence gas deliveries to the Ukraine in 2014. Today RWE re-starts deliveries to the state-owned company “Naftogaz of Ukraine” with gas from its pan-European portfolio.

The gas flows via Poland to Ukraine. These supplies are governed by the existing 5 year framework agreement between Naftogaz and RWE Supply & Trading signed in May 2012, which foresees deliveries of up to 10 billion cubic meter (bcm) of natural gas per year subject to individually agreed contracts.

In 2013, RWE Supply & Trading has already delivered about 1 bcm to Naftogaz. RWE’s deliveries to the Ukraine are based on European wholesale price levels including delivery costs to the Ukraine. RWE believes that further significant volumes could be delivered to Ukraine if various transport restrictions at the Slovakian/Ukrainian border are politically and technically resolved within the next weeks or months.

About RWE Dea

RWE Dea AG, headquartered in Hamburg, is an international company engaged in the exploration and production of natural gas and crude oil. The company deploys state-of-the-art drilling and production technologies and puts its many years’ experience acquired to good use in its activities. RWE Dea has set new standards in the fields of safety and environmental protection.

RWE Dea has stakes in production facilities and concessions in Germany, the UK, Norway, Denmark, Egypt and Algeria, and holds exploration licenses in Ireland, Libya, Mauritania, Poland, Suriname, Trinidad & Tobago, and Turkmenistan. Moreover, in Germany RWE Dea operates large subterranean storage facilities for natural gas. RWE Dea is part of the RWE Group, one of Europe’s largest energy utilities.