05:46 GMT26 July 2021
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    Ukraine's Minister of Energy and Coal Industry Volodymyr Demchyshyn said that Ukraine plans to continue purchasing gas from the Norwegian energy giant Statoil.

    HOUSTON (Sputnik) — Ukraine plans to continue purchasing gas from the Norwegian energy giant Statoil, but the question is at what price, Ukraine's Minister of Energy and Coal Industry Volodymyr Demchyshyn said on Wednesday.

    "We are buying [gas] now and are planning to buy further,” Demchyshyn said at an energy seminar in Houston, Texas. “The question is the price."

    Demchyshyn argued that Ukraine’s agreement with Statoil to purchase gas from the Norwegian energy giant has helped Ukraine reassert its independence.

    "The [Statoil] deal is massively important for Ukraine,” Demchyshyn stressed.

    Statoil reached the deal on supplying gas to Ukraine with the Ukrainian state-owned gas company Naftogaz on October 3, 2014.

    Demchyshyn noted that Ukraine consumes 40 billion cubic meters of gas per year, 20 billion cubic meters of which it purchases abroad.

    “From Europe, we are buying 12-13 [billion cubic meters of gas], so 7 billion cubic meters comes from Russia, which is 35-37 percent," Demchyshyn specified.

    On April 21, 2015, the US Chamber of Commerce stated in its annual Energy Security Risk report that Ukraine rates as one of the least secure energy users in the world.

    Russian Energy Minister Alexander Novak said in March 2015 that Ukraine's Naftogaz still owed Russia $2.4 billion for 2014 gas deliveries and non-payment penalties.

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    EU Unable to Substitute Russian Gas If Moscow Abandons Ukraine Transit
    Tags:
    gas deliveries, Statoil, Volodymyr Demchyshyn, Norway, Ukraine
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