07.12.2010 15:52

Russia, Ukraine seal gas transit deal

MIGnews.com

Moscow and Kiev have signed an agreement to guarantee gas transits through Ukrainian territory, Ukrainian Minister of Fuel and Energy Yuriy Boyko said on Tuesday.

The deal upholds an earlier one between Russia's gas giant Gazprom and Ukraine's Naftogaz on the transfer of 112 billion cubic meters of gas annually over the next five years.

"It is a significant compromise, and I am grateful to our Russian colleagues that we have received some clarity in this issue," Boyko said at a conference in Kiev.

He said the guarantees rendered any future gas disputes impossible.

On January 1, 2009, Gazprom axed gas transits to the EU through Ukraine in a row over prices. Transits resumed on January 19.

* * *

Ukraine for the first time received certain definiteness as to the volumes of natural gas transit for the medium-term perspective, Fuel and Energy Minister Yuriy Boiko told the International Conference Energy Problems of Europe and Issues of Russian-Ukrainian Cooperation within the frames of the Eighth international independent network of energy experts WIEN Group.

The minister reminded that NJSC Naftogaz of Ukraine and OJSC Gazprom signed an addendum to the contract on natural gas transit via Ukraine's territory, in which the Russian monopolist guarantees the annual transit to the volume of 112 billion cu m of gas over five years.

"I believe that it is a great compromise... For the first time, we received certain definiteness as to the transit volumes over recent five years," Yuriy Boiko noted and added that now Ukraine will seek for guarantees of transit for a long-term perspective.

As it was reported, Naftogaz of Ukraine, for a long time insisted on fixing the minimum volumes of gas transit via Ukraine's territory in agreements with Gazprom.

Earlier, Naftogaz of Ukraine forecasted that in 2011 gas transit to Europe is expected at 94.2 billion cu m.

In 2009, Ukraine cut natural gas transit to the European countries by 20.4% or by 24.4 billion cu m against 2008 to 95.2 billion cu m.  RIA NovostiUKRINFORM 

Теги материала: Ukraine, Russia, gas
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