Russia wants to strike a short-term deal with Kiev on gas transit to Europe when...
MOSCOW/BRUSSELS - Russia wants to strike a short-term deal with Kiev on gas transit to Europe when the current 10-year agreement expires in order to buy time to complete pipelines that will bypass Ukraine, four sources familiar with Russian thinking said.
Besides, Moscow has said Ukraine must complete the formation of a new parliament and government before talks can take place. A European Union source and two other Russian sources familiar with Gazprom’s thinking confirmed Moscow’s stance. Gazprom and the Russian Energy Ministry declined to comment. The route for the second line, aimed at bringing Russian gas further to southern Europe, has not yet been defined. For Ukraine, one of Europe’s poorest countries, Russian gas transit means some $3 billion in annual revenue, so for Kiev the stakes are high.
In January, Sefcovic floated a proposal for the two countries to agree a new 10-year transit contract, with a guaranteed minimum yearly transit volume of 60 bcm and 30 bcm of additional flexibility.
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