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Russia ready to discuss financing of Ukraine’s gas transportation system’s modernization

Source : 112 Ukraine

Russia's Energy Minister Alexander Novak stated that financing of Ukrainian "pipe's" modernization was on the agenda during Leonid Kuchma's presidency
09:21, 26 December 2019

rbc.ru

Russia is ready to discuss the financing of Ukraine’s gas transportation system’s modernization. This was stated by Russia’s Energy Minister Alexander Novak in an interview with RBC.

"If the relevant proposals come (from Ukrainian side – ed.), we will discuss them," Novak said.

He added that the issue was on the agenda during Leonid Kuchma's presidency. At that time, Ukraine and Russia were considering setting up a joint venture to operate Ukraine’s GTS. Novak recalled that there had been an agreement between Kyiv and Moscow.

Related: Details of gas transit between Russia and Ukraine

However, the modernization of Ukrainian "pipe" has not been discussed during the recent gas talks with Russia, Energy Minister stated.

As we reported earlier, Gazprom's payment of three billion dollars in compensation to Naftogaz adjudged by Stockholm Arbitrage within gas agreement between Ukraine and Russia is "a drop in the sea" compared to other possible claims against Russia. The statement was made by Deputy Prime Minister of Russian Federation Dmitry Kozak in an interview with Russia 24.

"Neither Ukraine nor us can predict who is the winner here ... The 2.9 billion dollars that we will pay to enforce a judgment that has already come into force is a drop in the sea compared to those potential claims against Russia," Kozak said.

Related: Ukraine signs agreement with Hungary on gas supplies

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