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NATGAS: Slovakia's SPP Confident of Ukraine Gas Transit Continuing

NATGAS
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Slovakia’s SPP is continuing negotiations to secure an extension of gas transit through Ukraine after Kyiv's contract with Russian supplier Gazprom expires at the end of the year its chief executive Vojtech Ferencz said earlier on Thursday.

  • He said several options are on the table.
  • SPP has been increasingly vocal in recent weeks abouts its desire to keep the route open in some capacity.
  • "When I put all the risks together, I believe that the transit should be and must be maintained in order to avoid artificial costs in central Europe,” Ferencz said.
  • ““I have the feeling that things will somehow fall into place...in 2019 the transit extension was also signed in December. There are many open options for what can happen,” he added.
  • He said the simplest way of involving Azerbaijan’s SOCAR (one option) would be if it handed back the gas to Gazprom on the Ukraine-Slovak border - allowing Gazprom to continue servicing its European customers.
  • The transit could also be done under ownership of other intermediaries, including a possible consortium involving SPP.
  • Gazprom may also find an alternative route he added.
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Slovakia’s SPP is continuing negotiations to secure an extension of gas transit through Ukraine after Kyiv's contract with Russian supplier Gazprom expires at the end of the year its chief executive Vojtech Ferencz said earlier on Thursday.

  • He said several options are on the table.
  • SPP has been increasingly vocal in recent weeks abouts its desire to keep the route open in some capacity.
  • "When I put all the risks together, I believe that the transit should be and must be maintained in order to avoid artificial costs in central Europe,” Ferencz said.
  • ““I have the feeling that things will somehow fall into place...in 2019 the transit extension was also signed in December. There are many open options for what can happen,” he added.
  • He said the simplest way of involving Azerbaijan’s SOCAR (one option) would be if it handed back the gas to Gazprom on the Ukraine-Slovak border - allowing Gazprom to continue servicing its European customers.
  • The transit could also be done under ownership of other intermediaries, including a possible consortium involving SPP.
  • Gazprom may also find an alternative route he added.