Naftogaz will not extend gas transit agreement with Gazprom after 2024

Naftogaz CEO Oleksiy Chernyshov has said that the company will not extend the agreement with Gazprom on gas transit to the EU after the current contract expires in late 2024.

He said this in an interview with Radio Free Europe/Radio Liberty.

Chernyshov says that Ukraine is ready to abandon gas transit, especially because Russia is not fulfilling the terms of the contract.

"Gazprom is not paying under the contract for the Sohranivka gas metering station, which is de facto located in the occupied territory, so Naftogaz is not receiving enough funding actually to support transit.

Ukraine continues to transit Russian gas solely to support its European partners.

The EU plans to stop consuming Russian gas by 2027 completely.

"We want this to happen as soon as possible and before that moment (2027—ed.). We see that certain processes have already taken place. The reduction is happening every month. But we have to speed up this process and stimulate it," said the CEO of Naftogaz.