2019-12-23 13:40:00
GAZPROM THROUGH UKRAINE: 65 BLN M3
PLATTS - Under the newly reached five-year transit agreement, Ukraine will transit 65 Bcm of Russian gas to Europe in 2020 and 40 Bcm/year in 2021-2024, Gazprom CEO Alexei Miller said Saturday.
"The organizing company [Naftogaz] will reserve transport capacities for five years in the amount of 225 Bcm, including 65 Bcm for 2020, 40 Bcm for 2021 and subsequent years, subject to the establishment of a competitive tariff," Miller told reporters.
Under the new five-year deal, which is to be signed by December 29, Russia will pay Ukraine some $2.9 billion, as ruled by the Stockholm arbitration court, and in turn the parties will drop their other legal claims against each other.
"The settlement agreement provides for the waiver of new claims, the recall of arbitration and lawsuits in which there are no final decisions, and payment of the final decision of the Stockholm arbitration," Miller said.
Separately, the Ukrainian energy ministry said the new agreement doesn't include direct supplies of Russian gas to Ukraine.
However, Ukraine is ready to consider buying Russian gas directly with a discount if all points of the deal are implemented, according to the protocol of the Minsk talks held Friday between the two sides, as quoted by Prime news agency.
According to Gazprom, the tariff for gas transit in 2020 has not been set yet.
"Not determined. The tariff will be set by an independent regulator," the company said.
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Earlier:
2019, December, 13, 10:50:00
SUSTAINABLE POSITION OF GAZPROM
The meeting participants pointed out that the events of 2019 had no tangible impact on the long-term outlook for the global energy market. Gazprom's positions will remain stable in the long run thanks to, inter alia, enormous gas reserves, well-developed production and transmission infrastructure, and the ongoing effort to diversify export areas and routes.
2019, December, 6, 13:50:00
RUSSIA'S GAS FOR EUROPE
Moscow says it does not want a “gas war” with Ukraine like the one in 2009 which led to supply disruptions in many European countries before the current agreement was signed.
2019, November, 29, 15:35:00
RUSSIA UKRAINE GAS TALKS
The parties discussed Russian-Ukrainian cooperation in the gas sector, including the settling of mutual claims related to the execution of contracts, the terms of transiting Russian gas to Europe from 2020 onward, and the outlook for direct purchases of Russian gas for Ukrainian consumers.
