2) Agreement on the organisation of transit between Naftogaz and Gazprom, which sets the conditions and the volume of transit for the next five years; According to Oleksiy Orzhel, Ukraine`s energy minister, the new five-year gas agreement also provides for the possibility of extending the agreement for a further 10 years. “The agreements signed today are the result of an acceptable compromise. The most important outcome of the negotiations is that we have received almost $3 billion from Gazprom and we have ensured that the Ukrainian system can operate without loss over the next five years. Transit is not interrupted and is carried out by the independent certified operator. We have demonstrated Ukraine`s reliability as a transit partner for the EU. Our team is grateful to the European Commission for its consistent position and certifies that the Ukrainian NS is managed reliably and effectively. We are also grateful to the United States for their strong support for energy security in Europe,” said Andriy Kobolyev, CEO of Naftogaz. 3) Naftogaz and Gazprom deal, under which the two parties waive reciprocal claims under the 2009 contracts. BUCHAREST (ICIS) – Ukraine and Russia have signed a five-year transit agreement for guaranteed minimum amounts from 2020, Ukraine`s Naftogaz confirmed late Monday. The package of contracts signed on 30 December in Vienna, after five days of negotiations, includes: Resolution of some disputes, but not all The new agreement provides, according to Zelenskiy, that “both parties reserve the right to extend the contract for a further 10 years after expiry”. Russia is also part of the new treaty, which agrees to pay $2.9 billion to Ukraine as part of a Stockholm arbitration supplement, which Moscow did on December 27.

In return, Naftogaz promised to release Gazprom`s confiscated assets in Europe, and both sides agreed to abandon mutual legal actions that have not yet been completed and to sign an out-of-court settlement. However, state-level prosecutions, in particular Naftogaz`s claims against Russia concerning the confiscation of the company`s assets during the annexation of Ukraine`s Crimea peninsula, are not affected by the new transit treaty. On 21 December, Gazprom and Naftogaz said they had reached an interim agreement on the new agreement on the shipment of Russian gas by Ukrainian gas pipelines. But technical and other discussions on the details continued until the signing was announced. – An agreement between the Ukrainian owner Naftogaz and Gazprom, which sets the conditions and the volume of transport for the next five years. Under the agreement, Naftogaz will effectively reserve capacity for Gazprom and assume transit risks Under the new agreement, Russia`s Gazprom, which supplies more than a third of Europe`s gas demand, will use an agent to reserve the transit of 225 billion cubic meters (bcm) of fuel over Ukraine over five years. Gazprom and Naftogaz of Ukraine have entered into an irrevocable settlement agreement that requires that all outstanding arbitration and legal actions between the parties be closed and that the parties waive in the future all possible claims under the supply and transit contracts of 19 January 2009. Prior to the signing of the transaction agreement, Gazprom had paid Naftogaz $2.9 billion within the protocol, in accordance with the Stockholm Court of Arbitration ruling. 1) interconnection agreement between gtSOU and Gazprom concerning technical procedures and rules for cooperation between managers of neighbouring networks; It has already signed interconnection agreements with Hungary, Moldova, Romania and Poland. It was also expected to sign an interconnection agreement with Slovakia, although it is not certain that the agreement was reached by 30 December.

Slovakia itself, as a long-term transit agreement with Gazprom, expires in 2028. Gazprom, Russia, said the agreements were part of a “big package to restore the balance of the parties` interests.” The agreement was outlined hours after U.S. President Donald Trump passed sanctions against the Nord Stream 2nd pipeline