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Russia boosts gas supplies to Europe while transit deal with Ukraine in limbo

Russia boosts gas supplies to Europe while transit deal with Ukraine in limbo

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Russian energy major Gazprom plans to pump twice as much gas into European storage than last year, while Moscow and Kiev have not still agreed on the terms of a new transit contract. Gazprom is planning to supply more than 11 billion cubic meters to storage facilities in Europe, the head of the company, Alexey Miller, told Russian President Vladimir Putin during their meeting on Monday. “This is twice as much as last year’s level,” Miller pointed out. “We see that our European partners are pumping gas at high speed, and our Ukrainian colleagues are trying to do the same.” The rush to stock up gas comes as the current 10-year transit contract is to expire on December 31, the head of Gazprom explained. Earlier this year, Moscow offered Kiev to extend the agreement for 12 months, but didn’t receive any response form the Ukrainian side.
Source: Russia boosts gas supplies to Europe while transit deal with Ukraine in limbo

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