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Naftogaz Ukraine: Russia tries to hurt Ukraine’s economy by building Nord Stream II
21:35, 7 April 2016
Naftogaz Ukraine: Russia tries to hurt Ukraine’s economy by building Nord Stream II

The company’s director for business development says Russia can’t let Ukraine compete with it at energy carriers’ market

21:35, 7 April 2016

gazprom.ru

By constructing Nord Stream II pipeline, Russia tries to worsen gas prices and strip Ukraine of in-transit incomes. Yuriy Vitrenko, director for business development at Naftogaz Ukraine, said this in an interview with Interfax Ukraine news agency.  

“Russia can’t let Ukraine have competitive advantage in terms of gas price in the EU, so the Russian side is building gas pipeline to Germany. Under these conditions, Ukraine will have to buy gas and pay extra money for transportation of the fuel”, he said.   

According to Vitrenko, sooner or later, the European Commission will have to insist that Russia’s Gazprom adheres to European rules of competition. “That, in turn, will result in lower (which means better) prices of Russian gas transited via the Ukrainian territory to EU consumers. Currently, the price is higher, because Russian gas is being sold on the “hub price plus transportation price” basis, which of course is unprofitable for Russia”, Vitrenko said.

“Russia wants to destroy Ukraine’s statehood. That’s why it attacks our cities, sends saboteurs and that’s why it annexed Crimea. It makes everything possible to destroy the state”, the official concluded.

The Nord Stream II is a project of gas transmission pipeline. The construction works are to begin in 2018. The project foresees further broadening and modernization of the Nord Stream pipeline. By promoting the Nord Stream II, Russia aims to refuse from transit of its gas supplies through the Ukrainian territory.     

Related: “Nord Stream-2” a political project against Ukraine

Related: Nord Stream-2 – political project interfering with Eastern Europe’s energy security, - Duda

Related: EU is concerned about Russian project Nord Stream-2
 

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