Naftogaz: New contract with Gazprom becomes most advantageous for Ukraine
  • WORLD

  • 15:57 09 January 2020

Naftogaz: New contract with Gazprom becomes most advantageous for Ukraine

Ukraine is satisfied with the terms of the new gas contract with Gazprom and regards it as the most advantageous in the history of the country’s independence, Executive Director of Naftogaz of Ukraine Yury Vitrenko told a press conference on Thursday, ONA reports citing TASS.

"The terms of the agreement are advantageous for Ukraine, because for the first time in the history of Ukraine’s independence, we have a contract with guarantees of clearly determined reserve capacities, for which they [Gazprom — TASS] must pay regardless of whether they use them or not," Vitrenko explained.

He also added that the Russian company will pay for the reserved capacity, and not for the amount of gas actually received during transit to Europe.

"Despite the fact that the system was not fully loaded and the volumes were not very significant, Gazprom will pay for all volumes that were reserved," Vitrenko said.

ONA

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