Ukraine should become energy hub for supply of Russian gas to Europe, - Sefcovic

Source : 112 Ukraine

The transit of gas through Ukraine is priority for the EU
13:21, 15 September 2017


Ukraine has a great potential to become a significant energy hub and the EU is ready to support the preservation of the important role of the country in the transit of the Russian natural gas to Europe. Vice President of the European Commission for Energy Union Maros Sefcovic claimed this as Interfax-Ukraine reported.

'The preservation of the gas transition through Ukraine after 2020 (after the ending of the contract between Naftogaz-Ukraine and Gazprom) is the priority of the EU', Sefcovic said at the Yalta European Strategy meeting in Kyiv on September 15.

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He added that it is also important to work together to increase the energy efficiency of the Ukrainian economy, exploration of the natural gas, growth of the bilateral trade that is forced by the implementation of the Free Trade Area with the EU.

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Te Head of the Naftogaz Andry Kobolev claimed that Naftogaz-Ukraine and Gazprom did not succeed to agree on the price formula for gas and the final decision will be made by the Stockholm Chamber for Commerce.

Two cases are under consideration in Stockholm since 2014. 50 billion dollars is the total volume of the demands of the Ukrainian company on two cases. The both of them consider the contract on the gas supply signed in 2009 after the negotiations of the former Prime Minister Yulia Tymoshenko and her Russian colleague Vladimir Putin.

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The Stockholm Chamber for Commerce satisfied a motion of Naftogaz to revise the price taking into account the market terms on May 31. Also, Naftogaz and Gazpom held the negotiations on the decision of the Stockholm Chamber for Commerce.

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