June 18, 2019 / 1:33 PM / in 2 months

Ukraine's Naftogaz proposes gas swaps deal to Russia instead of direct transit

KIEV (Reuters) - Ukrainian energy company Naftogaz has proposed a contract for gas swaps to Russian gas giant Gazprom instead of direct transit, a senior Naftogaz official said on Tuesday.

Yuriy Vitrenko wrote on social media that under the proposed deal Gazprom could sell its gas to Naftogaz at the Russia - Ukraine border, while Kiev would sell the same amount to Europe at the Ukraine - European Union border crossing.

Reporting by Natalia Zinets; writing by Vladimir Soldatkin; editing by Louise Heavens

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