Contract with Gazprom to replenish Ukraine's budget with more than $7 billion, - Naftogaz

Source : 112 Ukraine

Ukraine is also counting on other additional revenues
14:37, 9 January 2020

Contract with Gazprom will replenish Ukraine's budget wuth more than seven billion dollars. Yuriy Vitrenko, executive director of Naftogaz, said this during a briefing broadcasted by 112 Ukraine TV Channel.

He noted that the new transit contract was in line with European rules and that Ukraine would be able to fully control its gas transportation system.

"Ukraine is fully integrating into the European system, the European market, so for us, it is a rather important stage in the development of the Ukrainian gas market and Ukraine in general. The parameters of this agreement are favorable for Ukraine because for the first time in the history of independent Ukraine we have a contract with clearly defined guarantees of Gazprom’s payment for the so-called reserved capacities, for which they have to pay, regardless of whether they pump gas, use these capacities or not,” Vitrenko stated.

Related: Ukraine, Russia drop mutual gas claims

Moreover, Ukraine is also counting on other additional revenues.

As we reported earlier, Naftogaz and Gazprom signed an agreement to withdraw all current claims and complaints from both sides. The executive director of Naftogaz Yuri Vitrenko stated this on his Facebook page.

"When I signed the settlement agreement, providing for the withdrawal of all current claims and complaints from both sides, I was sad because of the work and knowledge that I and my team put into them," Vitrenko wrote.
He stated that such a decision was made due to responsibility regarding the citizens of Ukraine, the interests of the national company. Saying the interests of Ukrainians, Vitrenko means the extension of the gas contract and profit from this.
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