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Ukraine, Russia and European Union signed new gas contract for 5 years

Source : 112 Ukraine

Possibility of its extension for 10 years
09:48, 31 December 2019

112 Agency

Prime Minister of Ukraine Oleksiy Honcharuk said that Ukraine, Russia and the EU have signed a new gas contract for 5 years with the possibility of prolonging it for 10 years. Honcharuk said this on his channel in Telegram.

“There is a new contract for gas transit to Europe! As a result of trilateral negotiations between Ukraine, Russia and the European Union, the parties signed a new contract: for 5 years with the possibility of prolonging it for another 10 years on similar conditions,” - the head of government wrote.

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The contract guarantees a minimum gas pumping of 65 billion cubic meters for the first year, as well as 40 billion cubic meters for another 4 years. According to Honcharuk, national interests are protected, and this should be a factor in reducing the price of gas in the market.

The prime minister noted the coordinated work of the government and thanked his colleagues for their work.

“President of Ukraine Vlolodymyr Zelensky, the government team, parliament and Naftogaz have done the impossible for this document to be signed. This is another difficult challenge that we have successfully dealt with!” - Honcharuk notes.

As we reported, the Cabinet of Ministers of Ukraine allowed Naftogaz-Ukraine to sign an agreement with Gazprom on the provision of gas transportation services for the territory of the country for 2020-2024

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