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Ukraine-Russia gas conflict not to impede Nord Stream II implementation, - official

The project aims to contribute to the long-term security of gas supplies to Europe, - Nord Stream 2 AG Chief Financial Officer Paul Corcoran
08:56, 7 March 2018

ualife.net

The ongoing gas dispute between Ukraine and Russia will not harm the implementation of Nord Stream II project. Paul Corcoran, the Chief Financial Officer of Nord Stream 2 AG company said that in his commentary for RIA Novosti news agency.

'The development of this (gas dispute, - 112 International) does not impede the deployment of Nord Stream II project since it aims to contribute to the long-term security of gas supplies to Europe', he stressed. 

Last month, Stockholm arbitrary court granted the motion to the appeal filed by Naftogaz-Ukraine against Russia's energy enterprise Gazprom. The Ukrainian side received compensation (USD 4.6 billion) for the gas shortfall from Russia. Gazprom is also supposed to pay Naftogaz another 2.56 billion dollars, with additional 526,000 for every day of the delinquency - starting from March 1.   

Gazprom protested against the court's decision and announced that all respective contracts with the Ukrainian side will be terminated. Meanwhile, Naftogaz demanded that Gazprom compensate 34 percent of the pre-payment for the emergency purchase from Europe, when the Russian company lowered pressure during the gas transit. 

Related: Germany expects Ukraine, Russia to be reliable gas suppliers

Related: Gazprom appeals against Stockholm arbitray court's decision on gas supply

Related: Energy and Coal Industry Ministry announces end of gas crisis in Ukraine

Related: Ukraine did not receive $20 billion in gas transit since 2009, - Naftogaz

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