Gazprom waives the contract with Kiev balancing transit
Gazprom export " explained the reason of cancellation of the agreement with the " Ukrtransgaz " balancing transit to the European Union: the mechanism has been used infrequently, and now Russian holding company wishes to apply for compensation individual peak demand gas pumped them in the European UGS.
before Thursday on termination of the contract said " Naftogaz of Ukraine ", the parent structure of " Ukrtransgaz " - the operator of the gas transportation system of Ukraine. The Ukrainian state company said in a lack of agreement will not compensate for the daily fluctuations in gas consumption in the European Union, and this, as if it creates risks of default Gazprom obligations to European customers.
Gazprom export " coming winter will apply power to the European underground storage to compensate individual peaks of demand and no hopes in this matter on the possibility of the Ukrainian GTS." Gazprom " has decided to increase the pumping of gas into the European UGS in the summer of 2014 ", - reported in the notes of Gazprom export ".
The Russian Company emphasizes that the existing agreement on provision of services to maintain supply regime between Gazprom export " and " Ukrtransgaz " was rarely used.
" The volumes that it provided was less than one hundredth of a percent from transit. All the main volume of gas transportation through the territory of Ukraine is carried out and will be carried out due to a contract between Gazprom and Naftogaz of Ukraine ". Termination of this agreement " Gazprom export " does not affect the reliability of supplies through the territory of Ukraine, " noticed " Gazprom export ".