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Ukraine Needs Russian Gas Transit Until At Least 2034

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Ukraine Needs Russian Gas Transit Until At Least 2034

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Kiev needs the transit of Russian gas until at least 2034, when the agreement with Gazprom expires, said Sergei Makogon, General Director of GTS Operator of Ukraine LLC.

“We have no guarantees that the contract will be renewed. Therefore, we are negotiating with the governments of the United States and Germany. <…> And we believe that the most significant guarantee is the renewal or continuation of the existing contract now, without waiting for 2025, for the next 15 years,” he said on the air of the Ukraine 24 TV channel.

The head of the company also believes that only the reaching of the full workload of Nord Stream 2 will allow Russia to stop using Ukraine for transit.

According to him, the volume of transit should be 45-50 billion cubic meters per year – approximately as it is now.

Makogon added that Ukraine is going to use the GTS for the “green transition” and the transportation of hydrogen.

Earlier, the head of Gazprom, Alexey Miller, said that the company is ready to cooperate with Kiev after 2024, based on the economic feasibility and technical condition of the Ukrainian gas transportation system. He also stated that he considers the participation of German partners in such work to be fully justified.

At the end of 2019, Russia and Ukraine signed a package of agreements on the continuation of gas transit through the territory of the republic, including a five-year contract, according to which Gazprom guarantees the pumping of 65 billion cubic meters of fuel in the first year and 40 billion in the next four.

Earlier, Germany and the United States issued a joint statement in which the authorities formulated a number of conditions for the operation of Nord Stream 2. In particular, Washington and Berlin indicated that it is in the interests of Ukraine and Europe to continue transit, and they “will use all levers” to achieve an extension of the agreement.

Among other things, we are talking about the appointment of a special envoy to support these negotiations, to begin discussions no later than September 1 of this year.

Germany also pledged to seek sanctions if Russia politicizes the project.

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