President of Ukraine Volodymyr Zelensky discussed arrangements on gas transit through Ukraine to Europe during a telephone conversation with German Chancellor Angela Merkel. This was reported by the President’s press service.
Zelensky said that he was pleased with the compromise reached and new contracting, and thanked Germany for its mediation.
Angela Merkel, for her part, noted that the next task is to increase investment in Ukrainian Gas Transportation System in order to improve its competitiveness.
During the telephone conversation, Zelensky reportedly called on the German Federal Republic to politically assist in the process of investigating the UIA plane crash in Iran.
As we reported earlier, Ukraine, Russia and the EU signed the new gas transit contract for five years with the opportunity to extend it by ten years.
The deal guarantees minimal gas pumping in the amount of 65 billion cubic meters over the first year, and then 40 billion cubic meters annually over the next four years.
According to Ukraine's PM, national interests were protected, and this should be a factor in reducing the price of gas in the market.