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Ukraine delegation leaves for Moscow on gas talks

Ukraine delegation leaves for Moscow on gas talks

Write: Achlys [2011-05-20]
KIEV, March 23 - A Ukrainian delegation left here Tuesday for gas negotiations with Russia in Moscow, a spokesman for the state energy company Naftogaz said.

The delegation was headed by Fuel and Energy Minister Yuri Boiko and new Naftogaz chief Yevhen Bakulin, the Interfax-Ukraine news agency quoted the Naftogaz spokesman as saying.

Ukraine President Viktor Yanukovych said Monday he hoped a new gas deal could be signed deal with Moscow during the visit of Russian President Dmitry Medvedev in mid-May.

Yanukovych needs to revise a long-term gas deal signed by ex-premier Yulia Tymoshenko and Russian Prime Minister Vladimir Putin in early 2009, which made Russian gas expensive for Ukraine.

In a new deal, Ukraine will most likely offer Russia a stake in the Ukrainian gas transportation system in exchange for lower natural gas prices.

Russia has consistently tried to get a stake in the Ukrainian gas pipeline network to modernize the system and ensure uninterrupted gas supplies to Europe.

Ukraine sits on a major transit route for oil pumped to Eastern Europe.It also transits about 80 percent of Russian gas shipments to the European Union.