- the parties will conclude a 5-year contract with the possibility of prolongation on the same terms for another 10 years;
- the minimum guaranteed volumes of gas transit in 2020 are 65 billion cubic meters for 2020, 40 billion cubic meters a year from 2021 to 2024, subject to a competitive tariff (the gas transit contract, which ends this month, stipulates that Gazprom
is guaranteedto supply 60 billion cubic meters a year to Europe via Ukraine, with the potential to increase up to 90 billion);
- the Russian side will pay Naftogaz about $3 billion as ruled by the Stockholm Arbitration by the end of 2019;
- Ukraine drops new claims and withdraws
a number oflawsuits against Gazprom, including one for $12.25 billion;
- the return of Naftogaz's assets in the occupied Crimea
was not discussed— this issue will be settled by The Hague Arbitration.
Interfax first reported that Gazprom agreed to pay $3 billion of debt to Naftogaz as per the decision of the Stockholm Arbitration on December 20.
Ukraine's Energy Minister Oleksiy Orzhel also announced that the two countries have agreed on the potential resumption of direct Russian gas supplies to Ukrainian consumers. Kyiv hasn't bought gas directly from Gazprom for 4 years.
"Subject to the full implementation of the agreements [...] the parties will consider supplying gas to Ukraine
It is important to note that the signing of a protocol does not mean that
Thanks to the support from our readers, Hromadske International has been existing for five years. We cover hot-button political topics, high-profile corruption, and human rights issues. We report from the Donbas and annexed Crimea. If you would like to support Hromadske International, you can donate on this page.
Unlike many other media in Ukraine, we