Ukraine is ready for gas transit shut down – Orzhel

Minister of Energy and Environmental Protection Oleksiy Orzhel said that Ukraine is ready for the transit shut down from January 1, 2020. This was announced by the Minister, Economic Truth reports.

“If we talk about gas, and I am a direct participant in the negotiations on the signing of a transit agreement, we are ready to stop transmission through Ukrainian territory. Now there is a record amount of gas in underground Ukrainian gas storages... But we in no way exclude the priority of signing a gas transmission agreement”, he said.

Recall that Prime Minister Oleksiy Honcharuk said that Ukraine, in negotiations with Russia on gas transit through Ukraine from January 1, 2020, will require a long-term agreement with transit guarantees in an amount sufficient to serve the domestic gas transmission system.

Earlier it was reported that Minister of Energy of Russia Alexander Novak said that the Russian side will study the Ukrainian method of setting a tariff for gas transit. He also noted that it is necessary to resolve litigation in order to continue the transit agreement from 2020.

On February 28, 2018, the Stockholm arbitration court satisfied Naftogaz’s claims for compensation for Gazprom’s short deliveries of gas 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 considering the appeal of the Russian Gazprom to the decision of the Stockholm arbitration under contracts with Naftogaz of Ukraine.

Tags: The Cabinet of Ministers, Gazprom, gas, Naftogaz, contracts, Kobolyev, tariffs, Stockholm arbitration, legislation, EU, The Minystry of Energy and Coal Mining, UGSF, gas transit, RF, gas exports, Honcharuk, Orzhel

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