Naftogaz, Gazprom sign 5-year gas transit contract on 'pump or pay' principle – Naftogaz executive officer
The gas transit deal made between Naftogaz and Gazprom for 2020-2024 is based on the "pump or pay" principle, Naftogaz Executive Officer Yuriy Vitrenko said.
"The fact that we have signed the transit contract based on the 'pump or pay' principle is an extraordinary event in this context. I should say this is the first time in the history of Ukraine that Gazprom has concluded a transit contract on the basis of the European 'pump or pay' principle. Earlier, Gazprom relied on the 'take or pay' principle, which was similar but disadvantageous for Ukraine and lucrative for Russia, only in the area of gas supply," Vitrenko wrote on Facebook.
Advertising
Advertising
MORE ABOUT
Enemy attacks gas infrastructure facilities in Ukraine, consumers and clients won't be affected – Naftogaz
14:35, 27.04.2024
Naftogaz pays UAH 18.2 bln in taxes in three months
11:35, 16.04.2024
Naftogaz ready to buy all the gas offered by Ukrainian producers in 2024
19:05, 12.04.2024
During Russian attack on Naftogaz facilities on Friday, no casualties or serious damage - Chernyshov
11:57, 29.03.2024
Tariffs for gas storage in Ukrainian UGS facilities will remain unchanged until April 1, 2025 – Naftogaz
16:49, 18.03.2024
LATEST
Zelenskyy: We need significant acceleration in army supplies
21:02, 30.04.2024
MFA: Men of military age who update their data under law to be able to apply for consular services
20:51, 30.04.2024
Zelenskyy thanks Latvia for decision to provide new package of military assistance to Ukraine
20:40, 30.04.2024
Kuleba: Council of Europe's Committee of Ministers makes important decision towards putting Special Tribunal for Russia's crime aggression into action
20:31, 30.04.2024
Kyiv hands over 20 new Toyota Hilux pickup trucks to soldiers of third assault brigade – Klitschko