Slovak PM to meet EU Commission head on Ukraine gas transit
Adds Fico quotes, background in paragraphs 3-9
Dec 18 (Reuters) -Slovak Prime Minister Robert Fico will meet European Commission President Ursula von der Leyen on Thursday to discuss his hopes to continue gas supplies via Ukraine, Fico said on Wednesday.
Fico told a parliamentary committee that while the Ukrainian government rejected extending a transit contract with Russia's Gazprom amid war between the two countries, alternative solutions were possible to keep the gas route open next year.
Slovakia has a long-term contract with Gazprom and has been keen to keep receiving Russian gas through Ukraine, saying buying gas elsewhere would cost the country 220 million euros ($231 million) more in transit and may also raise the price of gas in Europe.
"I take into account the decision of the Ukrainian government that they do not want to extend the contract with Gazprom," Fico told the parliament's European Affairs Committee. "But that does not mean we cannot take gas from the east."
"We have solutions ... that Ukraine will not be transiting Russian gas, but will be transiting gas whose owner will be someone else."
Fico said Slovakia needed the Commission's backing for such arrangements, and he would discuss them with von der Leyen.
The Commission, however, reiterated on Tuesday that it did not support a contract extension nor another solution that would keep Russian gas flowing.
Slovakia has been taking around 3 billion cubic metres (bcm) of gas per year from Gazprom via Ukraine, covering most of its demand.
Fico said overall flows through Ukraine could remain at around 14-15 bcm. This volume includes gas that has been flowing into Austria and also the Czech Republic.
($1 = 0.9533 euros)
Reporting by Jan Lopatka in Prague. Editing by Mark Potter
Related Assets
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.