Naftogaz, Gazprom to continue looking for options to prolong gas transit via Ukraine

The current transit contract between Ukraine and Russia's Gazprom is expiring on December 31, 2019.

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NJSC Naftogaz of Ukraine and Russia's Gazprom will continue looking for options to prolong gas transit via Ukrainian territory after December 31, 2019.

Such agreements were reached after bilateral talks in Vienna, Naftogaz Executive Director Yuriy Vitrenko said on Facebook on December 13.

"We've agreed to continue to work on options for continuing transit. It is too early to talk about an agreed option, but we've taken the most constructive position," he said.

Read alsoGas transit deal with Russia to be signed, Zelensky says convinced

According to UNIAN, Ukrainian President Volodymyr Zelensky, following a Normandy summit in Paris on December 9, announced there is a chance to sign a new transit agreement with the Russian Federation on better terms than before.

The current transit contract between Ukraine and Russia's Gazprom was concluded in 2009 for a period of 10 years. After it expires from 2020, the Russian monopolist intends to minimize gas transit through Ukraine.

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