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Russia-Ukraine gas dispute

Settlement between Naftogaz and Gazprom possible — Russian energy minister

Energy Minister Alexander Novak said "this is a critical moment because the balance of interests should be restored in the first instance in order to progress in discussing specific parameters"

Russian Energy Minister Alexander Novak Alexei Nikolsky/Russian Presidential Press and Information Office/TASS

Russian Energy Minister Alexander Novak

© Alexei Nikolsky/Russian Presidential Press and Information Office/TASS

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Ukraine's Naftogaz ready to reduce amount of its claim to Gazprom from $12 bln to $2 bln

BRUSSELS, January 21. /TASS/. Ukraine's Naftogaz and Russia's Gazprom can clinch a settlement deal, Russian Energy Minister Alexander Novak told reporters on Monday.

"Gazprom is working [on claims], and we expect consideration by an appeal instance in the Swedish court in near future. This is a critical moment because the balance of interests should be restored in the first instance in order to progress in discussing specific parameters. There is an opportunity also to proceed with discussing, for example, the agreement between two business companies," he said.

Further detailed discussion of the Russian gas transit via Ukraine after 2019 is possible only after settlement of litigation between Gazprom and Naftogaz, Novak added.

"We certainly believe that we need to settle problems and legal proceedings that currently exist, in order to discuss specific details of the contract [for Russian gas transit via Ukraine after 2019]," Novak added.

Tags

Ukraine Naftogaz Gazprom Alexander Novak Russia-Ukraine Gas Dispute

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