Gazprom wants to extend gas deal with Ukraine

Gazprom wants to extend gas deal with Ukraine

Gazprom intends to strike a short-term deal with Ukraine on gas transit to Europe when the current 10-year agreement expires in order to buy time to complete pipelines that will bypass Ukraine, sources said.

The current deal with Ukraine lapses at the end of this year.

"Ukraine is looking for a long-term, 10-year deal. It’s not beneficial for us. A one-year deal would be OK so we would build up our strength and launch all those ‘streams’ (Nord Stream 2 and Turkish Stream)," Reuters cited one of the sources as saying.

The second source said an extension of the current contract for a short period would be the "optimal option" amid Kiev’s push to reform its gas system.

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