“Gazprom” has replaced the agreement of transportation with the Ukrainian “Gaztranzit” in the contract for maintenance of the pipe

Moscow. June 6. INTERFAX.RU – PJSC “Gazprom” and JSC “Gaztranzit” agreed to terminate the agreement to transport and terminate all rights and obligations of the parties under the agreement from 1 July 2016.

As noted in the materials of Gazprom, the agreement was signed by the parties on 5 September 2002.

An agreement on transport was terminated concurrently with the entry into force of the amendment to the contract for compression. This Supplement, among other things, amends the contract, in accordance with which “Gaztranzit” from mid-2016 to provide maintenance and operation of loopings in a condition suitable for the transportation of gas. The annual cost of services is $13,128 million with payment in US dollars and hryvnia.

“Gaztranzit” was established in November 1997 with the aim of increasing the capacity of Ukraine’s gas transit system to increase transit of Russian natural gas to Turkey and Balkan countries. The company is implementing a project to increase the capacity of the main gas pipeline Ananiev-Tiraspol-Izmail, which passes on the territory of Odessa region and Moldova.

“Gaztranzit” in the years 1999 to 2001 implemented the first phase of the project to increase the capacity of gas pipeline – construction of a compressor station (cs) “Tarutino” (Odessa oblast), which increased the capacity of the pipeline is 3.9 billion cubic meters per year to 20 billion cubic meters per year. Commercial operation of the new station began in may 2001. In June 2005 between one of the loopings and the crossing of the Danube in the area of the COP “Orlovka”, “Gaztranzit” was put into operation the technological jumper with a length of 1.6 km with reduction unit gas. Implemented measures allowed to increase the capacity of the pipeline Ananiev-Tiraspol-Izmail to 21.6 billion cubic meters per year.

“Naftogaz of Ukraine” and “Gazprom” belongs on 40,2174% of shares of “Gaztranzit”, 19,5652% of the shares of the Turkish company Turusgas. In may, Ukrainian authorities arrested belonging to “Gazprom” stake “Gaztranzit” in the framework of enforcement imposed by the Antimonopoly Committee of Ukraine fine.