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 Naftohaz Confirms Norwegian Gas Supply Contract Signing: This Is a Major Breakthrough

Naftohaz Ukrainy confirms the conclusion of a contract for the supply of natural gas by the Norwegian oil and gas producer Statoil and the beginning of its supplies through Slovakia from October 1

This was reported in the press service of the state holding, Censor.NET informs citing Interfax-Ukraine.

"This is the first such agreement between Naftohaz and Statoil. It expands the pool of gas supplies to Ukraine and also provides the new market for Statoil," the press-service notes.

According to Naftohaz Head of the Board Andrii Kobolev the agreement's conclusion and subsequent cooperation will significantly improve the liquidity and stability in the energy market of the EU, to integration with which Ukraine is striving.

Read also: Halt of Reverse Gas Supply to Ukraine is Result of Gazprom Blackmail - Yatsenyuk

"The agreement marks a significant breakthrough for Naftohaz. The numerous gas interconnectors, which were built in Europe in the last few years, will significantly improve the energy security of both the EU and Ukraine," he said.

Naftohaz Chairman Chief Advisor Yurii Vitrenko, in his turn, noted that the signed agreement is revolutionary for the state holding. "We were able to understand and use normal European practices in the sale of gas in a very short period of time, including EFET (European Federation of Energy Traders., - Ed.) contracts and integrate these practices into the domestic Ukrainian legislation. This transaction is a symbol of our belief that Naftohaz may change. It also proves our commitment to reform and the ability to act in accordance with EU standards," he said.

Read also: Russia May Resume Gas Supplies to Ukraine in October, Energy Minister Says

 
 
 
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