Alexey Miller's column
“Following five days of continuous bilateral negotiations, final decisions and arrangements have been reached in Vienna.
At the same time, a whole set of agreements and contracts has been signed, and one can fairly say that these arrangements represent a major package deal that has restored the balance between the interests of the parties.
These documents are coming into effect today, ensuring the transit of Russian gas across Ukraine after December 31, 2019.
Gazprom has done everything in its power, once again proving its reputation as a responsible supplier and a reliable partner.”
The targets set for this year have been achieved thanks to the hard and dedicated work of Gazprom’s team. And of course it would not be possible without their highly responsible attitude and professional excellence.
I would like to wish you a merry Christmas and a happy New Year!
I wish you and your loved ones happiness, good health, a flourishing life, and all the best!
Now, let us go on with our work.”
“The Amur GPP will become one of the largest gas processing plants in the world. Its construction is well underway: as of today, the project is 54 per cent complete.
The signing of project finance documentation is a landmark event for this project. Now, the project enjoys support from our long-standing and reliable partners from Europe, Asia, and Russia. Remarkably, for the first time in our history we have raised project financing from Chinese banks.
I am convinced that this transaction will become the foundation for the strengthening and development of mutually beneficial cooperation in Gazprom's key financial markets over the long term.”
Alexey Miller lays out details of Protocol on gas cooperation with Ukraine, effective January 1, 2020
“In line with the Protocol on gas cooperation, Gazprom and Naftogaz will sign an agreement to settle their mutual claims under the existing contracts, thereby restoring the balance between the interests of the parties.
According to the settlement agreement, no new claims shall be filed, the pending arbitration and legal claims shall be withdrawn, and a payment shall be made under the final ruling of the Stockholm Arbitration Court.
Gazprom and the Ukrainian Government will sign an amicable agreement on canceling the claim filed by the Antimonopoly Committee of Ukraine.
The European Commission will ensure compliance with the EU regulations governing gas transportation in Ukraine.
On its part, Ukraine will guarantee that the regulator will be independent, the transit customer’s interests will be protected, and the tariff setting will be economically feasible.
Gas Transmission System Operator of Ukraine will sign an inter-operator agreement with Gazprom and a transport agreement for the booking of the Ukrainian gas transmission system with Naftogaz of Ukraine. Naftogaz will act as the organizer of transit, thus assuming the risks that will arise in the transition period.
The organizing company will book transmission capacities for a period of 5 years to transmit 225 billion cubic meters, including 65 billion cubic meters for 2020 and 40 billion cubic meters for 2021 and the subsequent years, on the condition that the tariff is competitive.
Gazprom and Naftogaz may consider the possibility of supplying gas to Ukraine using NCG-based pricing.”
“The new dividend policy of Gazprom is an important step towards the shareholders and investors. I am convinced that the Company's shares, which have considerable potential for growth, will become an even more attractive asset for financial investors.”
“Today, we are witnessing a historic event for Russia and China. The eastern route – Power of Siberia – is a global, strategically significant and mutually beneficial project. A new scope of energy cooperation between the two countries with a prospect for further development. Clean energy today and tomorrow, for decades to come.”