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Ukraine's Naftogaz Remains in Talks with Azerbaijan Over Gas Transit

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Ukraine’s Naftogaz is in talks with Azerbaijan’s Socar for the potential transit of Azerbaijani gas via Ukraine Naftogaz CEO Oleksiy Chernyshov said in an interview this week.

  • Chernyshov reiterated that Ukraine has no intention to renew the current five-year transit deal with Russia’s Gazprom that expires at the end of the year.
  • Chernyshov said two scenarios were possible: a complete stop in flows or a model of alternative suppliers and owners to ensure "certain volumes" can be delivered to customers in the EU.
  • Azerbaijan's president Ilham Aliyev said last month they were in talks with Russia to try and facilitate an extension on the Ukraine-Russia transit deal.
  • Ukraine has spare gas storage capacity available for European suppliers but interest is likely to be limited due to numerous Russian attacks on it this year.
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Ukraine’s Naftogaz is in talks with Azerbaijan’s Socar for the potential transit of Azerbaijani gas via Ukraine Naftogaz CEO Oleksiy Chernyshov said in an interview this week.

  • Chernyshov reiterated that Ukraine has no intention to renew the current five-year transit deal with Russia’s Gazprom that expires at the end of the year.
  • Chernyshov said two scenarios were possible: a complete stop in flows or a model of alternative suppliers and owners to ensure "certain volumes" can be delivered to customers in the EU.
  • Azerbaijan's president Ilham Aliyev said last month they were in talks with Russia to try and facilitate an extension on the Ukraine-Russia transit deal.
  • Ukraine has spare gas storage capacity available for European suppliers but interest is likely to be limited due to numerous Russian attacks on it this year.