Russia is ready to maintain partial gas transit through Ukraine, if it proves more profitable than to supply gas via new gas pipelines: Turkish flow and North Stream 2, Aleksandr Novak, the Head of the Ministry of Energy of the Russian Federation, said in an interview with RBC TV, Interfax-Ukraine reports.
“Our position is that this issue can be debatable. It can be discussed if conditions are much more profitable than those of transit on the new infrastructure that is being built. Probably, some amount of transportation through the territory of Ukraine will remain,” he said.
However, according to the minister, current gas transit costs with new gas pipelines are much more profitable.
“The construction of a new infrastructure now uses the latest technology. And the old infrastructure, built 50-60 years ago, now requires modernization, which, unfortunately, we do not see today. Thus, the cost of transporting gas through the new infrastructure at a cost of 1 thousand cubic meters will be almost 2 times cheaper," Novak said.
Reference: The contract for the transit of gas through Ukraine expires at the end of 2019. President of Ukraine Petro Poroshenko proposed to change the principle of transit and provide services to transport Russian gas through Ukrainian territory not to Gazprom, but to its European customers.