The European Commission has proposed that Ukraine and Russia resolve current issues of arbitration judgments, antitrust investigations and direct gas purchases through bilateral negotiations, Vice-President of the European Commission for Energy Union Maros Sefcovic has said, APA reports citing Ukrinform.
He said this at a press conference following trilateral consultations between the European Commission, Ukraine and Russia in Brussels on Monday, October 28.
"The parameters I proposed highlighted the need for this interconnection agreement between Ukraine and Russia [...] because you would simply need it for any future long-term transit and also for short-term options or capacity allocations. Now we would also need to get the talks within both countries to decide how to approach these outstanding issues, like the [Stockholm] arbitration, like the anti-monopoly findings, and also the level of direct sales to Ukraine," Sefcovic said.
He noted that he had advised Gazprom to get in touch with Ukraine's gas regulator so that at the time of the conclusion of the transit agreement, they could already have agreed a formula and tariffs, which would depend to a large extent on the volume of gas supply and the duration of the contract.
"After listening to all parties, I suggested that we would need a minimum transit volume per year, which would be between 40 to 60 billion cubic meters per year, and also the flexibility margin between 20 to 30 billion cubic meters per year. But I understand that it is, of course, a matter for gas operators to discuss and to include in the final contractual agreement. [...] I also propose that the duration of the contract be a minimum ten years," Sefcovic said.
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