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Ukraine ready to discuss other options of gas transit

Source : 112 Ukraine

Kyiv has no objection concerning the possibility of relocation of points of gas transmission to Ukrainian-Russian border
18:07, 10 December 2019

Yuriy Vitrenko, the executive director of Naftogaz Ukraine
Naftogaz

Ukraine is ready to discuss different variants on gas transit with Russia as Executive Director of Naftogaz Ukraine Yuriy Vitrenko reported on Facebook.

He states that the Ukrainian side is ready to consider the possibility of relocation of points of gas transmission to the Ukrainian-Russian border. Then European companies will be able to conclude the contracts on gas transit.

Moreover, Ukraine has no objection concerning the conclusion of the swap contracts, which will allow Naftogaz to “take gas at the eastern border and give it away at the western border.” Thus, the distinct operators in Ukraine and Europe will be responsible for the physical transportation of gas.

“In such case, these swap contracts should provide the income to Naftogaz, adequate compensation for the withdrawal of the lawsuits in Stockholm Arbitrage with the total sum of over $12 billion,” Vitrenko wrote.

Related: Naftogaz talks on gas transit method advantageous for all parties

He added that Ukraine provides the variants to Russia but it will not yield its interests.

The sides discussed the issue of gas transit at the Normandy Format Summit in Paris. They agreed on the further agreement.

The Normandy Format meeting took place in Paris.

As we reported, Putin and Zelensky met in Paris as part of the Normandy Quartet meeting. The peace negotiations, known as the Normandy format, started back in 2014. The last Normandy Four meeting took place in October 2016, the roadmap on establishing peace in Ukraine was elaborated, however, the parties failed to fulfill it.

Related: Gas price for population to make $232 for 1,000 cubic meters in first quarter of 2020

Later Putin stated he was pleased with bilateral talks with Ukrainian President Volodymyr Zelensky.

Leaders of Ukraine and the Russian Federation, Volodymyr Zelensky and Vladimir Putin have so far agreed to hold another round of prisoners exchange during the bilateral talk.

As we reported the next Normandy Format Summit will take place in four months.

 

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