Gazprom sends Naftogaz formal proposal on gas transit

18.11.2019 18:15

Ukrinform

Russian gas monopoly Gazprom has sent a formal proposal to NJSC Naftogaz of Ukraine on extending the current contract or signing a new contract on natural gas transit through Ukraine for a one-year period, taking into account European buyers' projected demand for gas in 2020, Interfax has reported, with reference to the Russian company's press service.

"Gazprom's proposal states that the necessary conditions for continuing the current contract or signing a new agreement are a waiver by both sides of all mutual claims in international arbitration and a cessation of all legal disputes," the press service said.

In addition, the official proposal, signed by Gazprom CEO Alexei Miller, includes the following terms: the reversal of a decision by the Antimonopoly Committee of Ukraine imposing a fine on Gazprom for "violating economic competition" and the withdrawal of Naftogaz's request to initiate a European Commission investigation against the Russian company. Gazprom also expects Ukraine's position on the readiness to buy Russian gas directly beginning in 2020.

"Copies of the formal proposal have been directed to Ukrainian Minister of Energy and Environment Protection Oleksiy Orzhel and European Commission Vice President Maros Sefcovic," Gazprom said.

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