Gas Transit Via Ukraine Must Be Competitive With Nord Stream, TurkStream - Novak

Gas Transit Via Ukraine Must Be Competitive With Nord Stream, TurkStream - Novak

Transit of Russian gas via Ukraine must be commercially competitive with other routes, particularly, Nord Stream and TurkStream pipeline, Russian Energy Minister Alexander Novak said on Monday

BRUSSELS (Pakistan Point News / Sputnik - 21st January, 2019) Transit of Russian gas via Ukraine must be commercially competitive with other routes, particularly, Nord Stream and TurkStream pipeline, Russian Energy Minister Alexander Novak said on Monday.

"It is clear that the transit and the transit contract will be further discussed, we have time, but the main condition [for the contract] is its commercial attractiveness, creation of such conditions that will be competitive with other routes, for example, with Nord Stream and TurkStream," Novak told the Rossiya 24 broadcaster after the trilateral gas transit consultations between Russia, Ukraine and the European Commission, held on Monday in Brussels.

The current Russian-Ukrainian gas contract expires on December 31, 2019.