KUALA LUMPUR, Malaysia, June 5 – Gazprom, which recently expressed concern over the insufficient creation of gas reserves in Ukraine, expects to formulate an agreement on an advance for gas transit to Naftogaz Ukrayiny in the near future, Gazprom CEO Alexei Miller told journalists.

The size of the advance necessary for Naftogaz to create gas reserves could total $2 billion, he added.

"There is talk of us advancing Naftogaz Ukrayiny the amount of funds that we will pay for transit of our gas by the end of 2012. I think that this could be somewhere around $2 billion," Miller said.