13.12.02

Gazprom named operator of Turkmen gas exports to Ukraine in 2003

Ukraine's national company Naftohaz Ukrayiny and Russian gas company Gazprom signed a package of agreements in Moscow on December 9, which regulate the volume and parameters of cooperation in 2003, and names Gazprom as the operator of Turkmen gas transit to Ukraine, the Ukrainian company has announced.

A direct transit agreement is expected to cut down spending on gas transit to Ukraine.

Whereas in 2002 spending on transit stood at 41% of the cost of Turkmen gas, next year this figure will go down to 38%, the Ukrainian company said.

Earlier, the Itera company was the operator of Turkmen gas exports to Ukraine. It received part of the gas in payment for its services and sold it in Ukraine.