Gazprom has right to suspend gas transit via Ukraine, - Naftogaz CEO

Source : 112 Ukraine

At the same time, the Russian company must pay for the reserved capacity
16:25, 1 October 2021

Yuriy Vitrenko
Open source

Head of NJSC Naftogaz-Ukraine Yuriy Vitrenko says that Russian Gazprom has the right to suspend gas transit through Ukraine under the contract. Vitrenko wrote about this on his Facebook page.

"Gazprom has stopped gas transit through Ukraine to Hungary. And this despite the reserved transit capacity. Gazprom has such a right under the contract - not to supply gas for transit through the reserved capacities, but at the same time to pay for these capacities (the "pump or pay" principle)," he noted.

Related: Ukraine urges Hungary not to “unwind emotions” over signing agreement with Gazprom

According to Vitrenko, the stop of transit to Hungary is a demonstration of what will happen after the launch of Nord Stream 2, if Moscow does not allow a third party to transit through Ukraine.

On September 27, it became known that Hungary signed a new long-term gas deal with Russia's Gazprom. The document foresees that the gas transit will now bypass Ukraine.

Ukraine's foreign ministry claimed it was disappointed by that decision. Later, Ukraine's Foreign Minister Dmytro Kuleba called the contract a blow to Ukraine-Hungary relations.

Meanwhile, the European producers of electric power are asking the Russian government to send more coal to cope with the power crisis that might soon engulf Europe amidst the sky-high gas prices. 
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