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Gas Supply & Transit Contracts Underlie Energy Cooperation with Ukraine

Source: www.gulfoilandgas.com 1/21/2015, Location: Asia

The Gazprom headquarters hosted a briefing session led by Alexey Miller, Chairman of the Company's Management Committee dedicated to the Company's activities this winter.

Special attention was given to the contracts for gas supply to Ukraine and its transit to Europe.

It was pointed out that today was the sixth anniversary of the Ukrainian Government approving the results of the negotiations on Russian natural gas supply to Ukraine from 2009 to 2019 and on the terms and conditions of its transit via Ukraine to Europe. These historic documents were effective under different Governments in Ukraine. They have determined and will determine the cooperation between Gazprom and Naftogaz of Ukraine in the gas sector until late 2019.

The agreements on the 'winter package' of gas supply to Ukraine were reached in Brussels on October 30. In particular, the 'winter package' offers a temporary discount of USD 100 per one thousand cubic meters of gas. The discount was granted by the Russian Federation Government. At the same time, the 'winter package' is fully based on the terms and conditions of the existing contract for gas supply to Ukraine.

The 'winter package' will expire on March 31, 2015. On April 1 Gazprom and Naftogaz of Ukraine will proceed with their activities according to the contract.

“Gazprom has cooperated and will go on cooperating with Ukraine in accordance with the existing contracts for gas supply and transit,” stated Alexey Miller, Chairman of the Gazprom Management Committee at the session.



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