Russia and Ukraine hold ministerial gas talks

Russia and Ukraine hold ministerial gas talks

Russian-Ukrainian gas consultations with the participation of Russian Energy Minister Alexander Novak, the Minister of Energy and Environmental Protection of Ukraine Alexey Orzhel, Gazprom CEO Alexey Miller, the heads of Naftogaz of Ukraine and LLC Gas Transmission System of Ukraine were held in Vienna yesterday.

According to statements by the Russian Energy Ministry and Gazprom, the parties discussed Russian-Ukrainian cooperation in the gas sector — settlement of mutual claims for the implementation of contracts, the terms for the transit of Russian gas to Europe from 2020, the prospects for direct purchase of Russian gas for Ukrainian consumers, TASS reported.

Russia, the European Commission and Ukraine have been holding consultations on gas transit after 2020. The dialogue is complicated by the ongoing legal disputes between Russia’s Gazprom and Naftogaz of Ukraine. Moscow offers a "package solution" that includes a settlement agreement on legal disputes and direct gas purchases at reduced prices. As a fallback, Russia is ready to extend the current transit agreement for the whole year of 2020.