Ukraine looking for intermediary for Russian gas transit

On December 21, following the Ukraine-EU-Russia talks, energy minister Oleksiy Orzhel said the parties had concluded a protocol that provides for the implementation of a number of agreements.

Yuriy Vitrenko / Photo from UNIAN

Yuriy Vitrenko / Photo from UNIAN

Naftogaz is looking for a European company that will agree to transport Russian gas from the Ukrainian-Russian border and sell gas, including to Ukraine, says Executive Director Yuriy Vitrenko.

Due to the lack of such an intermediary, Vitrenko says, negotiations were almost hindered, according to TSN. At the same time, Vitrenko hopes that the energy company will eventually find a transmitting company.

“But we expect that many European companies that used to receive gas from Gazprom in Slovakia, Austria, Germany, France, Italy, will receive gas at the Ukraine-Russia border and will then be able to sell this gas, including to Ukraine, at a price that is lower than the European one plus the cost of transmission from Europe to Ukraine,” he said.

As UNIAN reported earlier, on December 21, following trilateral negotiations in the Ukraine-EU-Russia format, Minister of Energy and Environmental Protection Oleksiy Orzhel stated that the parties had concluded a protocol that provided for the implementation of a number of agreements.

In particular, a new contract for the transit of Russian gas to Europe via Ukraine will be concluded for a period of five years with the possibility of its extension for ten years.

Naftogaz by year-end will have received from Russia’s Gazprom about $2.9 billion in monetary compensation in line with the Stockholm arbitration award, given that the agreements reached during the negotiations are fulfilled.

Ukraine and Gazprom will settle on Ukraine’s previous claim to recover UAH 172 billion from the Russian gas monopoly by a ruling of the Antimonopoly Committee and the Commercial Court of Kyiv, handed down in 2016.

(C)UNIAN 2019

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.