“All parties agreed that a new agreement is necessary” – Sefcovic on a new round of negotiations

The next round of trilateral gas negotiations between Ukraine, Russia and the European Commission will be held on October 28. This was announced by Vice President of the European Commission Maros Sefcovic.

“All parties agreed that a new agreement is necessary”, Sefcovic said.

According to him, the new agreement should be commercially beneficial for all parties. At the same time, it should have key points, among which the level of transit volumes will have a direct impact on the level of transit tariffs.

“The transit volumes will greatly depend on Ukraine’s interest in purchasing gas from Russia for domestic needs. Because it will be necessary to either add or reduce the volumes that will go through the pipeline”, said the Vice President.

Ministers will have to find a balance in resolving all key issues, Sefcovic said, and according to his observations, they are ready to seek a compromise.

Recall that on September 19, tripartite gas consultations took place. Sefcovic noted that the parties agreed that the future contract will be based on EU laws and regulations.

He emphasized that “Europe will make every effort to help the Ukrainian side conduct unbundling and certification in accordance with European legislation”.

Earlier it was reported that the operator of the gas transmission system of Ukraine had submitted an application for certification as an operator of the gas transmission system to the National Energy and Utilities Regulatory Commission.

Tags: The Cabinet of Ministers, Gazprom, gas, Naftogaz, contracts, Nord Stream 2, Kobolyev, tariffs, legislation, EU, gas imports, gas transit, RF

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