According to one of the options being discussed, European companies would buy gas from Azerbaijan and pump it through pipelines running through Ukraine to Europe, an idea that is “gaining momentum.”
The European Union invited Ukraine to maintain gas transit on the country’s territory after the end of the contract with Russia, but to pump gas from Azerbaijan. Bloomberg writes about this with reference to its own sources of knowledge.
One of the options being discussed reportedly involves European companies buying gas from Azerbaijan and pumping it through pipelines running through Ukraine to Europe, an idea that is “gaining momentum” as Kyiv is interested in such solution.
It was noted that in 2021, the income from gas transit will bring Ukraine about $1 billion, which is important for the Ukrainian economy.
But the EU is afraid that if the transit of Russian gas is denied, the gas transportation system of Ukraine will become a military target for Russia, and therefore can quickly fail, and in this case, the restoration of transit will be expensive.
Right now, negotiations are at an early stage, and decisions on this matter are expected until the end of the year, Bloomberg sources said.
It is also reported that the German Uniper is participating in the discussion of the issue.
As the head of Naftogaz of Ukraine, Alexey Chernyshev, said, the company is doing everything to find a solution where the Ukrainian gas transportation system will continue to work, but at the same time it rejects any plan involving cooperation to Russian Gazprom. Since Naftogaz refused to renew the agreement with Gazprom, the territory of Ukraine will become inaccessible for Russian gas pumping from January 1, 2025.
It was previously reported that the number of European traders using the Ukrainian gas transportation system and storage facilities is growing.
It was also reported that European traders earned more than $300 million by keeping gas in Ukraine.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.