Petersburg International Economic Forum in St.
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Petersburg, Russia, June 1, Of the total, 65 bcm would be shipped infalling to 40 bcm in and in each of the subsequent years, Gazprom said. In exchange, Ukraine is expected to sign a legal settlement and withdraw all outstanding claims, also before Dec.
The presidents of Russia and Ukraine met in Paris on Dec. The talks, known as the Normandy summit, were brokered by France and Germany.
Ukrainian Energy Minister Oleksiy Orzhel said on Saturday that under the new deal both parties had an option to extend the five-year term by another 10 years. He added that the transmission tariff for the Russian gas would rise.
The deal comes as U.
President Donald Trump signed legislation on Friday that included provisions to impose sanctions on companies laying pipe for Nord Stream 2, a project that aims to double gas capacity from Russia along the northern Nord Stream 1 pipeline route to Germany.
Nord Stream 2, which will run along the Baltic sea floor, will enable Russia to bypass Ukraine and Poland to deliver gas. Dating ukraine baltic group behind Nord Stream 2 said on Saturday it aimed to complete the pipeline as soon as possible, after a major contractor suspended pipe-laying activities due to the U.
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