31 Dec 2019 09:11

Gazprom, Kyiv sign gas transit documents

MOSCOW. Dec 31 (Interfax) - Gazprom, Naftogaz, Gas Transmission System Operator of Ukraine, and the Ukrainian Justice Ministry has signed a package of documents that allow to continue gas transit via Ukraine after December 31, 2019, consistent with the protocol of December 20, Gazprom said in a statement.

"Five days of continuous bilateral negotiations in Vienna have resulted in final decisions and final agreements. Also, the sides have signed a package of agreements and contracts as a big package deal, which restores balance of interests. The documents take effect today to ensure Russian gas transit via Ukraine after December 31, 2019," Gazprom CEO Alexei Miller told the press.

"Gazprom has done its best and has yet again proven to be a responsible supplier and a reliable partner," Miller said.

One of the documents signed by Gazprom and Naftogaz is an irrevocable settlement agreement, which stipulates withdrawal of every claim filed by the sides against one another in arbitration tribunals and criminal courts, on which no final judgment has been made as of yet, and prevents the sides from making claims in regard to gas supply and transit contracts of January 19, 2009, in the later period. Earlier, Gazprom paid $2.9 billion to Naftogaz awarded by the arbitration court in Stockholm within the period prescribed by the protocol.

Gazprom and the Ukrainian Justice Ministry concluded an irrevocable amicable agreement, which envisages termination of any current and possible future claims of Ukraine v. Gazprom based on the decision of the Ukrainian Anti-Monopoly Committee.

Gazprom and Naftogaz signed an agreement on organizing gas transit via Ukraine. "Naftogaz hereby undertakes to act as the transit organizer and assumes relevant risks," Gazprom said.

Naftogaz and Gas Transmission System Operator of Ukraine concluded a transit agreement, while Gazprom and Gas Transmission System Operator of Ukraine signed an inter-operator agreement.

The transit organizer will provide transportation of 225 bcm of gas via the Ukrainian gas transmission system within a five-year period, including 65 bcm of gas in 2020 and annual 40 bcm of gas in 2021-2024.