Economy 2021-09-15T04:08:43+03:00
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Gazprom Ready To Retain Natural Gas Transit Via Ukraine After 2024

Gazprom Ready To Retain Natural Gas Transit Via Ukraine After 2024

Gazprom, gas transit

Russia's gas monopoly Gazprom has expressed readiness to retain natural gas transit via Ukraine after 2024.

That follows from an article by RIA Novosti with the reference to Gazprom Head Alexey Miller, Ukrainian News Agency reports.

"The issue of new volumes of gas procurement from Russia for transit through the territory of Ukraine should be resolved on market conditions and at market prices. For the volume of new procurement of Russian gas along the Ukrainian route, in total higher than the current transit obligations, and Gazprom is even ready to increase the volume of transit through Ukraine," added the head of the concern.

According to Miller, Gazprom has always approached Nord Stream 2 as an economic project.

"Its goal is to ensure the reliability, stability, and diversification of gas supplies to the EU market. And also to reduce the cost of gas for end consumers due to a shorter transport route - almost 2,000 kilometers shorter to the territory of Germany than through the gas transportation system of Ukraine. And it guarantees the observance of all necessary modern environmental requirements. Thus, CO2 emissions through Nord Stream 2 are 5.6 times lower, including due to a decrease in the number of compressor stations compared to the Ukrainian route," added the head of Gazprom.

As Ukrainian News Agency earlier reported, Board Chairperson of the Naftogaz of Ukraine national joint-stock company Yurii Vitrenko says that Ukraine will continue insisting on the necessity for sanctions against the Nord Stream-2 operator.

He added that the issue of threats posed by the launch of Nord Stream 2 will be discussed during the visit of President Volodymyr Zelenskyy to the United States at the end of August.

Vitrenko also noted that there are now enough tools to stop Nord Stream 2.

Also, the Naftogaz board chairperson stressed that the latest negotiations indicate significant support for Ukraine's position among American senators and congressmen.

Germany will unlikely guarantee the prolongation of the natural gas transit agreement between Ukraine and the Russian Federation until 2034.

Board Chairperson of the Naftogaz of Ukraine national joint-stock company Yurii Vitrenko said this in an interview for the Voice of America, Ukrainian News Agency reports.

He stressed that in the absence of transit of Russian gas through the territory of Ukraine, there is a risk of full-scale military aggression from Russia.

He is also convinced that in order to resist Nord Stream 2, sanctions should be imposed on the Swiss company Nord Stream AG, which is actually a Russian company.

Germany has promised to use all levers to ensure the prolongation by up to 10 years of the natural gas transit agreement between Ukraine and Russia.

It was emphasized that the United States and Germany are united in their desire to hold Russia accountable for its aggression and malicious actions by imposing costs through sanctions and other instruments.

It is noted that Germany will abide by the "letter and spirit" of the Third Energy Package in relation to Nord Stream 2 to ensure separation and access by third parties.

Through the US-German climate and energy partnership, they decided to create a pillar to support the energy transition in emerging economies.

This component will include support for Ukraine and other countries of Central and Eastern Europe.

In line with these efforts, Germany is committed to establishing and managing a Green Fund for Ukraine to support Ukraine's energy transition, energy efficiency, and energy security.

The United States plans to support the initiative through technical assistance and political support in line with the fund's objectives, in addition to programs to support market integration, regulatory reforms, and the development of renewable energy in Ukraine's energy sector.

It will also include technical assistance for Ukraine's integration into the European power grid, building on the ongoing work and coordinated by the European Union and the US Agency for International Development.

In addition, Germany will facilitate Ukraine's inclusion in the German Cyber ​​Capacity Building Fund, support efforts to reform Ukraine's energy sector, and help identify options for modernizing Ukraine's gas transport systems.

Chancellor of Germany Angela Merkel and Russian President Vladimir Putin have discussed the possibility of extending the agreement between Russia's gas monopoly Gazprom and the Naftogaz of Ukraine national joint-stock company on gas transit after 2024.

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