Ukraine ready to consider offer of gas supply in lieu of Gazprom's current debt to Ukraine

Gazprom has to pay Naftogaz about $3 billion
17:19, 25 November 2019

Open source

Naftogaz is ready to consider a proposal to supply gas to Ukraine on account of Gazprom's existing debt.

Naftogaz-Ukraine executive director Yuriy Vitrenko stated this on his Facebook page.

"We are ready to constructively consider Gazprom's proposals regarding the implementation of the Stockholm arbitration decisions and the corresponding settlement agreement. To date, in accordance with the final and binding decision of the Stockholm Arbitration, which is defined in our contract with Gazprom as a mechanism for resolving disputes, Gazprom has to pay Naftohaz approximately $3 billion. We are satisfied with the money, but if Gazprom wants to pay this debt for gas supplies, we are ready to consider such a proposal," he said.

Related: Naftogaz sends new claims against Gazprom to Stockholm arbitration

Vitrenko expressed his conviction that the new transit contract should be concluded according to European rules with an operator separated from Naftogaz, and such a contract should be fair and balanced in itself.

"To sum up, we do not see any legitimate grounds for not concluding a new contract for gas transit through Ukraine in accordance with European rules, and we express our willingness to work on this in good faith on our part," he summed up.

As we reported, Gazprom has sent a formal proposal to NJSC Naftogaz-Ukraine to extend the current contract or to conclude a new agreement on transit of gas through the territory of Ukraine for one year.

Related: Ukraine’s Minister of Energy calls Gazprom's proposal for gas transit unacceptable

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