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Gazprom: Ukraine will not have time to sign gas contract in 2019

According to Gazprom CEO Alexey Miller, the company is ready to extend the contract for transit with Ukraine
17:35, 28 June 2019
Open source
Alexey Miller, the head of Russia's Gazprom company said that Ukraine would not have time to sign a new gas contract before the end of 2019, RIA Novosti reports.

According to Miller, Ukraine will not be able to sign a new contract for gas transit until the end of the year under the laws of the European Union.

Miller said Gazprom was ready to extend a transit contract with Ukraine.

“We say we are ready to extend the current contract for transit. As for another aspect, of course, we say that this contract should be economically viable for the Russian side,” said the CEO of the Russian gas monopolist.

Earlier, Ukraine's Naftogaz company responded to Gazprom’s statements on transit and gas discounts for Ukraine.

Yuriy Vitrenko, Naftogaz's business development director said that in the absence of a transit contract by Gazprom from January 1, 2020, he could offer the Russian company a reserve option - the “swap” of gas. According to Vitrenko, such contracts are customary for the European market.
Earlier, Russia named the condition, under which it would be ready to keep the gas transit across Ukraine. According to Sergei Prikhodko, Deputy Head of the Russian government, all Ukraine-Russia court litigations in the gas sector must be regulated.

"As for the transit of the Russian gas across the territory of Ukraine, we're ready to keep it on the economically profitable conditions, but [also] in case of the righteous solution of all litigations between Gazprom and Naftogaz", Prikhodko said as quoted by TASS.

He also reiterated that the concept of the Nord Stream II does not foresee cutting the transit of fuel on the existing routes.

As we reported, the work of the gas transporting system of Ukraine may be under threat after June 24 due to the lack of funds. It is reported that the company initiated the talks with the creditors, including Naftogaz Ukraine, which is a parent company, about debt restructuring. The National Security and Defense Council was also informed about the situation.

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