EU wants to keep Russia-Ukraine gas transit – Bloomberg

Jun 12, 2024 - 00:11
Updated: 2 years ago
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EU wants to keep Russia-Ukraine gas transit – Bloomberg

EU wants to keep Russia-Ukraine gas transit – Bloomberg

Brussels has reportedly approached Azerbaijan for a swap deal

European Union officials are trying to negotiate the continued use of Ukraine’s natural gas transit infrastructure after its contract with Russia’s Gazprom expires at the end of the year, Bloomberg reported on Monday.

“early phase” and many of the details need to be sorted out. The EU would prefer to buy gas from Azerbaijan instead of Russia and have it delivered via Ukraine’s infrastructure.

“I’m doing everything to find a solution [so] that the Ukrainian gas transportation system will continue to be operational because it’s a big asset and someone should be a customer,” Alexey Chernyshov, CEO of Naftogaz, told Bloomberg. “Otherwise it’s loss generating.”

“Azeri” gas to the EU, while Azerbaijan sends “Russian” gas elsewhere, allowing the bloc to maintain its trade embargo against Moscow.

he was shot by a pro-Ukrainian activist.

“Now, it depends on negotiations between companies such as Russian Gazprom, Azerbaijani, Ukrainian companies, and others to agree on economic and pricing conditions,” Fico told reporters at the time. “If they do, Slovakia could import gas from Azerbaijan, with part of it staying in Slovakia and part passing through to other countries.”

“Developments on the battlefield may also be a factor,” the outlet added.

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