Tag Archives: Ukraine

Gazprom is ready to enter negotiations for making a new contract on direct delivery of the Russian gas to the Ukrainian market.

Russian gas supplies to the European market have been consistently growing in the last several years.

The agreements on gas transport between Moscow and Kyiv end at the end of 2019.

One major stated purpose of these terms is to make the Ukrainian gas transit system commercially attractive for major European companies.

Nord Stream 2 will allow Russia to force terms for gas supply and transit both to Europe and Ukraine.

A first ministerial meeting on the topic took place on July 17. 2018. followed by meetings at expert during the second half of 2018.

The Nord Stream 2 gas pipeline is intended to span the Baltic Sea. connecting suppliers in Russia to consumers in Europe.

The current contract for the transit of Russian gas to Europe through Ukraine expires in late 2019.

Nord Stream 2 is a joint venture of Gazprom and five European companies.

Earlier. Putin announced Russia'.s readiness to fund Nord Stream 2 in the event of the U.S. sanctions.