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NATGAS: No Intention for Ukraine to Renew Gas Transit Deal with Russia

NATGAS
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Ukraine is not discussing any deal to extend Russian gas transiting the country for Europe that is due to expire at the end of the year according to a Bloomberg interview with Ukrainian Energy Minister German Galushchenko.

  • The comments echo a similar stance from various Ukrainian officials this year.
  • “There is no concrete proposal from traders to be discussed:” Galushchenko said.
  • He added there were no solid plans about potentially using the same network to reroute flows from Azerbaijan.
  • Ukraine intends to cover its domestic gas demand this winter from domestic production he added.
  • “Last winter we almost covered consumption with local production. We’re now preparing the same story for the next winter. We see production covering consumption, probably we would need some small reserve from Europe in storage:” Galushchenko
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Ukraine is not discussing any deal to extend Russian gas transiting the country for Europe that is due to expire at the end of the year according to a Bloomberg interview with Ukrainian Energy Minister German Galushchenko.

  • The comments echo a similar stance from various Ukrainian officials this year.
  • “There is no concrete proposal from traders to be discussed:” Galushchenko said.
  • He added there were no solid plans about potentially using the same network to reroute flows from Azerbaijan.
  • Ukraine intends to cover its domestic gas demand this winter from domestic production he added.
  • “Last winter we almost covered consumption with local production. We’re now preparing the same story for the next winter. We see production covering consumption, probably we would need some small reserve from Europe in storage:” Galushchenko