Naftogaz, Gazprom Transit  Agreement Will Be Renewed

Naftogaz, Gazprom Transit Agreement Will Be Renewed

A transit agreement between Naftogaz and Gazprom will be prolonged after 2019, Ukrainian President Petro Poroshenko said on Tuesday.
"I believe that the transit agreement between Naftogaz and Gazprom will continue after 2019. Because there is no alternative to it," Poroshenko was quoted by TASS as saying.
The contract for the transit of Russian gas through Ukraine was signed in 2009 for 10 years.
On June 26, Gazprom CEO Alexey Miller said Gazprom will never agree to extend its contract with Naftogaz of Ukraine on unacceptable terms.
"Ukraine insists on including changes connected with the transit rate in the 2009 contract, which was reasonable and elaborate. Naftogaz of Ukraine insists that the transit rate is increased to $5 for 1,000 cubic meters of gas per 100 km," he said.
"We will never sign a contract on unacceptable terms," he noted. "We still have 4.5 years; we will hold negotiations with our Ukrainian partners before the contract expires," Miller said.


Short URL : http://goo.gl/XkFrRW

You can also read ...

Turkey Cuts Iran Oil Imports
Turkey’s biggest oil importer Tupras has cut back purchases of...
US Oil Industry Lobbies Against Russia Sanctions
The US oil and gas industry is lobbying against tighter...
Lack of Wind Jeopardizes UK Turbine Investments
It has been a stifling summer of disappointment for investors...
Tabriz Refinery Signs Tail Gas Agreement
Tabriz Oil Refining Company signed a $12 million agreement on...
Kuwaiti Crude Heading for Japan
Kuwait's newly launched Super Light crude oil is increasingly...
MAPNA Ready to Increase Installed Power Capacity
Iran's top engineering and energy enterprise MAPNA Group is...
ICOFC Intends to Boost Gas Condensate Output
The state-owned Iranian Central Oil Fields Company plans to...
EOR Operations Underway at North Yaran Oilfield
Operations are underway to increase oil production at North...