Russian Gas Transit Through Ukraine Could Cease Jan. 1

Ukraine and Russia's Gazprom are now negotiating a gas transit agreement, which if not reached could lead to a cessation of gas transit

uatv
05.11.2019

Photo Ukrinform/UATV

Russian gas transit through Ukraine could cease on Jan. 1.

Although Ukraine is seeking to preserve revenues from Russian gas transit, it may not reach an agreement with Gazprom by the deadline.

“Receiving funds for transportation is a priority for Ukraine. We are working very actively with our European partners to sign a contract with Gazprom under new European rules,” Minister of Energy and Environmental Protection Oleksiy Orzhel said, speaking on the ICTV channel on Monday (Nov. 4).

Orzhel said that 21.7 billion cubic meters of natural gas are currently stored in Ukrainian storage facilities.

“If we talk about gas – and I am a direct party to negotiations on the signing of a transit agreement – we are ready to stop transportation through the Ukrainian territory. There’s a record amount of gas in Ukrainian gas storage facilities. However, we do not rule out in any way the priority of signing a gas transportation contract,” he said.

A European contract would exclude political issues in the negotiations, Orzhel said.

“In fact, we apply the rules that work in Europe. We cannot be blackmailed. If we ensure gas transit to Europe, if we ensure clear volumes, it means constant gas supply to European markets,” he said.

Source UATV
date 05.11.2019
categories Economics
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