Ukraine's EU integration will make Gazprom's participation in GTS consortium impossible

17:49 30.10.2013
Ukraine

The signing by Ukraine of an Association Agreement with the European Union closes the opportunity for Russia's Gazprom to participate in a gas transportation consortium.

Russian Presidential Advisor Sergei Glazyev said this in an interview with the Rossiya 24 television channel.

"If Ukraine enters into association with the EU and sets out its commitments to the Energy Community, Gazprom will simply have no interest in participating in any scheme of joint investment with Ukraine. The gas transportation consortium is now impossible, because in this case Gazprom, a consortium member, will be unable to deliver its own gas. That is, Ukraine's involvement in the European Energy Community denies Gazprom the possibility of being a gas transportation consortium member and a gas supplier at the same time," Glazyev said.

He said that the agreement with the EU had obliged Ukraine to comply with European principles of regulation in the energy sector - the so-called "third energy package," which envisages a ban on the affiliation of companies engaged in the extraction, transportation and sale of natural gas.

Glazyev said that the Russian side had repeatedly proposed that Ukrainian colleagues refuse to participate in the Energy Community with the EU.

As reported, Ukraine intends to sign an association and free trade agreement with the European Union at the Eastern Partnership summit in Vilnius on November 28.

Adapted from ukrinform

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