• Friday, January 24, 2020

Russia & Ukraine strike last-minute gas transit deal to avoid stoppage of energy supplies to Europe

Discussion in 'Europe & Russia' started by Austin Powers, Dec 31, 2019.

  1. Austin Powers

    Austin Powers BANNED

    Messages:
    12,859
    Joined:
    Oct 15, 2017
    Ratings:
    +1 / 5,343 / -8
    Country:
    Canada
    Location:
    Canada
    https://www.rt.com/business/476861-russia-ukraine-gas-transit-deal/

    Russian and Ukrainian state energy majors Gazprom and Naftogaz have reached a breakthrough agreement to continue the transit of Russian natural gas to European countries using the Ukrainian pipeline network.
    The package deal inked between the Russian company and Ukraine has restored the balance of interests between the parties, Gazprom CEO Alexey Miller said, noting that the Russian energy giant “has made everything possible and has proved one more time that it is a responsible supplier and a reliable partner.”

    The two sides signed the documents on Monday following a marathon five days of negotiations in Vienna, with the old agreement due to expire on December 31.

    Last week, Russia and Ukraine reached an agreement “in principle” to extend the gas contract, and they have been working on the final documents since then. The delegations had to determine how Russia’s Gazprom will cooperate with the Ukrainian operator of the national gas system, and how the transit of the blue fuel will be organized, as well as finalizing an agreement to drop reciprocal claims.
     
    • Thanks Thanks x 2
  2. Austin Powers

    Austin Powers BANNED

    Messages:
    12,859
    Joined:
    Oct 15, 2017
    Ratings:
    +1 / 5,343 / -8
    Country:
    Canada
    Location:
    Canada
    • Thanks Thanks x 2
  3. opruh

    opruh BANNED

    Messages:
    1,781
    Joined:
    Sep 28, 2014
    Ratings:
    +0 / 3,752 / -17
    Country:
    Egypt
    Location:
    Philippines
    A win for Russia.