PJSC Odesa Port-Side Plant and the National Joint-Stock Company Naftogaz Ukrainy will sign a contract for the supply of natural gas on October 4, the press service of the State Property Fund (SPF) of Ukraine reported on Friday.

"The signing of the contract with Naftogaz for the supply of gas, after which the plant resume its operation, is planned for Tuesday, October 4," the statement reads.

The State Property Fund recalled that Odesa Port-Side Plant had to stop its operation in the early hours of August 11 to prevent occurrence of an emergency due to a decrease in gas shipments by PJSC Ukrtransgaz in connection with the company's debts.

As reported, on September 22, Ukraine's Cabinet of Ministers has obliged national joint-stock company Naftogaz Ukrainy to supply gas to public joint-stock company Odesa Port-Side Chemical Plant in the amount of up to 300 million cubic meters (mcm) by December 31, 2016. This will help to launch the plant from October 1.

Head of the State Property Fund (SPF) Ihor Bilous said that Naftogaz is to supply gas to the plant stably, irrespective of the existing debt, at the standard prices for this category of companies.

The payment of the debt will be included in the conditions of the plant's privatization.

The launch of the plant should positively influence investors before the repeated tender to sell 99.567% of shares in the plant.