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    Sputnik: Ukraine to Sidestep Its Contract With Gazprom, Will Pay Hungary Instead

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Summary

An agreement between Uktransgaz and FGSZ could see Ukraine sidestep its contract with Gazprom in favour of Hungarian transit

by: Erica Mills

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Press Notes

Sputnik: Ukraine to Sidestep Its Contract With Gazprom, Will Pay Hungary Instead

A recently clinched interconnection agreement between the Ukrainian gas transmission system operator Ukrtransgaz and its Hungarian counterpart FGSZ stipulates the so-called virtual reverse of gas, also known as backhaul,which may enable Ukraine to scrap its gas contract with Russia's Gazprom, according to the Russian newspaper Kommersant.

It seems that Ukraine is trying to eliminate its contract with Russia's gas giant Gazprom, the Russian newspaper Kommersant reports,  referring to a recently clinched interconnection agreement between the Ukrainian gas transmission system operator Ukrtransgaz and its Hungarian counterpart FGSZ; the deal envisages the so-called virtual reverse of gas, also known as backhaul, via Ukraine.


Read the full article HERE.