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Markets & Forecasts

Russia and Ukraine prepare for transit talks in September

A planned meeting between Russian and Ukrainian representatives in Brussels in mid-September may be the last chance for the European Commission to broker a long-term transit deal before the current agreement expires A planned meeting between Russian and Ukrainian representatives in Brussels in mid-September may be the last chance for the European Commission to broker a long-term transit deal before the current agreement expires.
By Andreas Walstad 14 June 2019 Europe & Russia / Pipelines, Storage & Power 0 34310
Visit by Maros Sefcovic to Russia. (European Commission)

Russian Energy Minister Alexander Novak offered few assurances for a new long-term gas transit agreement with Ukraine following talks in Moscow on Thursday with Maros Sefcovic, the European Commission’s vice president for energy union.

Novak told a press conference after the meeting that Russia would be willing to extend the existing contract – which expires at the end of December – under the current terms. However, he was likely referring to a short-term extension until the Nord Stream 2 pipeline...