2020-01-06 11:05:00
GAZPROM, NAFTOGAZ AGREEMENT
GAZPROM - December 30 - Pursuant to the Protocol of December 20, 2019, Gazprom, Naftogaz of Ukraine, Gas Transmission System Operator of Ukraine and the Ministry of Justice of Ukraine signed a package of documents providing for Russian gas transit across Ukraine to continue beyond December 31, 2019.
Gazprom and Naftogaz of Ukraine concluded an irrevocable settlement agreement stipulating that all outstanding arbitration and judicial claims between the parties be discontinued and that in the future the parties renounce any and all possible claims under the supply and transit contracts dated January 19, 2009. Prior to the signing of the settlement agreement, Gazprom had paid USD 2.9 billion to Naftogaz within the timeframes specified in the Protocol in accordance with the ruling of the Stockholm Arbitration Court.
Gazprom and the Ministry of Justice of Ukraine signed an irrevocable amicable agreement to cancel all of Ukraine's ongoing and potential future claims against the Company arising from the resolution of the Antimonopoly Committee of Ukraine.
Gazprom and Naftogaz entered into an agreement to arrange for the transmission of gas across Ukrainian territory. Naftogaz is thus acting as the transit organizer and assuming the associated risks.
Gas Transmission System Operator of Ukraine signed a transport agreement with Naftogaz and an inter-operator agreement with Gazprom.
The transit organizer has the obligation to book gas transmission capacities in Ukraine for a five-year period to transmit a total of 225 billion cubic meters of gas, including 65 billion cubic meters in 2020 and 40 billion cubic meters per year in 2021–2024.
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Earlier:
2019, December, 30, 11:15:00
GAZPROM PAYS TO UKRAINE $2.9 BLN
Last week, Russia and Ukraine announced the terms of a new gas transit deal under which Moscow will supply Europe for at least five years via its former Soviet neighbor and pay a $2.9 billion settlement to Kiev to end a legal dispute.
2019, December, 25, 14:20:00
GAZPROM'S INVESTMENT STRATEGY: EUR66 BLN
Spending an estimated Eur66 billion on the three projects, Gazprom clearly saw money as being no object to achieving its goals -- be they economic, geopolitical or both.
2019, December, 23, 13:40:00
GAZPROM THROUGH UKRAINE: 65 BLN M3
"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.
