Caspian Energy Journal Caspian European Club
Tuesday, 22 January 2019 11:00

EU, Russia and Ukraine discuss long-term gas transit

EU, Russia and Ukraine discuss long-term gas transit

 “We have just concluded the second round of trilateral talks with Russia and Ukraine on the long-term transit of gas to Europe post-2019”, Vice-President for Energy Union Maroš Šefčovič said following the trilateral talks with Russia and Ukraine on the future of gas transit via Ukraine, Caspian Energy News ( reports with reference to the press statement of the European Commission.

According to Maroš Šefčovič, the parties took stock of the progress achieved so far, covering all key areas – the legal framework for a future transit contract; tariffs; unbundling of the transmission system operator in Ukraine; and the EU's future gas demands. In addition, security of gas supply this winter was also discussed. “At the end of the meeting I tabled a proposal for both parties to reflect upon. It covers three main parameters of a future transit agreement, namely duration; volumes; and tariffs. But it also covers other important parameters, such as investment and maintenance of the gas system; legal requirements; and technical requirements”, he added. 

“With Russia's Minister Novak, we discussed the issue of synchronization of Baltic States with the electricity grid of continental Europe. The Commission remains fully committed to achieve this by 2025 – without any risk to the Baltics, Russia nor Belarus.  That's why we place a strong emphasis on close cooperation among transmission system operators on all sides. One of such meetings is planned for 25 January. With Ukrainian side, we discussed the issue of unbundling”, Maroš Šefčovič said.

“If all goes well and if all actors work towards the same goal, I am confident that this process will be successfully completed by the end of this year”, he said.

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Person in charge of the newsline: Olga Nagiyeva 

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