Russia announced gas requirements to Ukraine

Minister of Energy of Russia Alexander Novak, following a meeting on gas talks in Brussels, told reporters that the European Commission and Russia need to more carefully examine the issue of compliance of Ukrainian legislation with European. It is reported by Interfax-Ukraine.

“And in general, from the point of view of interaction, we will continue to analyze the regulatory framework and Ukrainian legislation in order to once again confirm, both on the part of Russia and the European Commission, that Ukrainian legislation does comply with European legislation, that there are no pitfalls. We agreed on this”, he said.

Russia is also ready, as a fallback, to ensure the extension of the gas transit agreement, which is in force today, for 2020.

Novak also said that in the near future the Russian side will study the methodology for creating a gas transit tariff, he emphasized that the main issue is the competitiveness of these tariffs and the effectiveness of the project for pumping gas through the Ukrainian gas transmission system.

“We will also carefully study in the near future the methodology for setting the tariffs for pumping gas through the territory of Ukraine published on October 25. We are waiting for its publication not only in Ukrainian, but also in English”, he said.

“We have confirmed once again that it is necessary to decide in the package and in general agreements. Including issues related to the settlement of litigation, which today are an important component of the relationship between Gazprom and Ukrainian partners. This is an important moment so that since 2020 the implementation of the relationship will be without those disputes that are currently in court”, the Minister added.

Recall that on February 28, 2018, the Stockholm arbitration tribunal satisfied Naftogaz’s claims for compensation for gas volumes not supplied by Gazprom for transit. By a decision of the arbitration, Naftogaz achieved compensation in the amount of $4.63 billion for the short supply of agreed volumes of gas.

According to the results of two arbitration proceedings in Stockholm, Gazprom should pay $2.56 billion in favor of Naftogaz. Gazprom appealed this decision to the Svea County Court of Appeals (Sweden).

On October 9, in Stockholm, the Court of Appeal began consideration of the appeal of the Russian Gazprom to the decision of the Stockholm arbitration under contracts with Naftogaz of Ukraine.

Yesterday, October 28, the next tripartite gas negotiations took place, at which the parties did not come to a decision.

Head of Naftogaz of Ukraine, Andriy Kobolyev, said that Russia during the gas talks in Brussels offered the EU income from Nord Stream 2.

Tags: Gazprom, gas, Naftogaz, contracts, Nord Stream 2, Kobolyev, hydrocarbon production, tariffs, Stockholm arbitration, legislation, EU, The European Commission, Top management, gas imports, UGSF, gas production, RF, foreign affairs, debt

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