Ukraine proves reliability of transit in most complicated conditions - Naftogaz

Ukraine proves reliability of transit in most complicated conditions - Naftogaz

Ukraine's state gas importer and distributor Naftohaz Ukrainy has denied that the company has agreed to terminate its 10-year gas import and transit agreements with Russian gas monopoly Gazprom.

A general view shows the headquarters of Russian gas giant Gazprom in Moscow, Russia June 30, 2016. Moreover, Ukraine's Naftogaz, following the Stockholm court's decision, meant to demand other penalty payments from Gazprom in 2018 and 2019, Miller said.

"After the unsuccessful attempts of the Russian monopolist to create an artificial gas winter crisis, the entire Europe has become convinced that Ukraine is a reliable partner that can provide transit in the most hard situations", Naftogaz said after the March 13 meeting of Russian Prime Minister Dmitry Medvedev with the head of Gazprom Alexei Miller who expressed new doubts about the reliability of transit through Ukraine.

Miller said the breakdown of gas supply contracts would take time - about 18-24 months.

Earlier, Russian Energy Minister Aleksandr Novak also confirmed this information, saying that Gazprom's natural gas supplies to Europe are seeing the highest volumes ever. Parts of Europe were left without heat during one of the coldest winters on record after Ukraine began to siphon off gas sent to the European market. "In the current situation, it is important to note that here the Ukrainian side must prove the economic efficiency and expediency of continuing the transit of gas through the territory of Ukraine and we are ready to listen and consider such a proposal if such proposals will be made." . The European Union has already said it is ready to become a mediator in gas talks between Russian Federation and Ukraine.