Ukraine Gazprom Agreement

The agreements are the culmination of extensive rounds of negotiations in recent weeks, during which Gazprom has pledged to repay Naftogaz $2.9 billion in outstanding debt as part of the February 2018 Stockholm transit arbitration proceeding. Naftogaz confirmed receipt of the money on December 27, 2019. – A fee regime against the existing 10-year shipping contract, which expires at the beginning of the reception date, January 1, 2020. According to Ukrainian Energy Minister Oleksiy Orzhel, the new five-year gas agreement also provides for the possibility of extending the agreement for a further 10-year period. – an agreement between Ukraine`s new transport network manager, GTSOU, and the Russian manufacturer Gazprom, which sets out the technical rules and rules of the interconnection agreement „The agreements signed today are the result of an acceptable compromise. The most important outcome of the negotiations is that we have received almost $3 billion from Gazprom and we have ensured that the Ukrainian system can operate without loss over the next five years. Transit is not interrupted and is carried out by the independent certified operator. We have demonstrated Ukraine`s reliability as a transit partner for the EU. Our team is grateful to the European Commission for its consistent position and certifies that the Ukrainian NS is managed reliably and effectively. We are also grateful to the United States for their strong support for energy security in Europe,“ said Andriy Kobolyev, CEO of Naftogaz. 2) Agreement on the organisation of transit between Naftogaz and Gazprom, which sets the conditions and the volume of transit for the next five years; and 3) a transaction agreement between Naftogaz and Gazprom, under which both parties waive reciprocal claims under the 2009 contracts.

– an agreement between the Ukrainian owner Naftogaz and Gazprom, which sets the conditions and the volume of transport for the next five years. Under the agreement, Naftogaz will indeed deliver Gazprom`s capacity and the transit risks of the BUCHAREST shoulder (ICIS)-Ukraine and Russia have signed a five-year transit agreement for the minimum volume of guarantee from 2020, Ukraine`s Naftogaz confirmed late Monday evening. The issue of gas supply has not been the subject of package agreements. Naftogaz stressed Gazprom`s interest in resuming Ukraine`s gas supply in the future with NCG price-based pricing. 1) interconnection agreement between gtSOU and Gazprom concerning technical procedures and rules for cooperation between managers of neighbouring networks; Ukraine`s gas transmission network manager has signed a transport contract with Naftogaz and an operating agreement with Gazprom. Under the new agreement, Russia`s Gazprom, which supplies more than a third of Europe`s gas needs, would use an agent to reserve the transit of 225 billion cubic meters (bcm) of fuel over five years. The agreements will enable Ukraine to obtain guaranteed revenues from gas transit over the next five years. The security of future gas transit creates a necessary environment for the continuation of the internal gas market and wider energy reforms, ensures gas transport jobs and future contracts with Ukrainian industrial producers linked to the maintenance of Ukraine`s gas transmission network.

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