A meeting was held monday 20 october in Kyiv between Arseniy Yatsenyuk, Prime Minister of Ukraine, Yuriy Prodan, Minister of Energy and Coal Industry of Ukraine, Andriy Kobolyev, CEO of Naftogaz of Ukraine; and Gunther Oettinger, Energy Commisioner of the European Commission (EC), Klaus-Dieter Borchardt, Director of the Internal Energy Market at DG Energy, and other representatives of the EC. The parties have agreed on a joint position regarding the upcoming round of trilateral negotiations between Ukraine, Russia and the EU which is to be held , Tuesday 21 October, in Brussels.

Representatives of the EC and Ukraine reached a consensus on the fact that the negotiations should result in an interim agreement which would guarantee the supply of Russia’s gas to Ukraine as well as a stable flow of transit gas to the EU this winter. Such an agreement should contain clear cut guarantees of the supply of agreed gas volumes by Gazprom, on the one hand, and a guarantee of payments for the supplied gas by Naftogaz, on the other.

The joint position of the EC and Ukraine calls for an obligatory signing of binding documents between Naftogaz and Gazprom. Such documents should be legally binding on both sides and should exclude the possibility for any of the parties to unilaterally change the conditions.

About Naftogaz

The National Joint Stock Company Naftogaz of Ukraine is the leading enterprise in Ukraine’s fuel and energy complex, one of the biggest Ukrainian companies.
Naftogaz of Ukraine is a vertically integrated oil and gas company engaged in full cycle of operations in gas and oil field exploration and development, production and exploratory drilling, gas and oil transport and storage, supply of natural gas and LPG to consumers. Over 90% of the oil and gas in Ukraine is produced by the enterprises of the Company.