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Asters Advises on MoA for Ukrainian Gas Supply

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Asters has advised on Ukrainian law matters relating to the Memorandum of Understanding signed between Eustream and Ukrtransgaz on a potential solution to the transmission of gas from Slovakia to Ukraine.  

Tomas Marecek, the Chairman of the Board of Directors of Eustream, promised that the Slovak transmission system operator would do the maximum to facilitate the transmission of gas to Ukraine with the maximum possible volume enabled by the Vojany-Uzhorod gas pipeline, starting from the beginning of October this year. Marecek explained that “top representatives of the European Commission requested us to shorten the terms for technical preparations for launching the Vojany pipeline and to increase the capacity to a maximum. We promised that we would do everything in this respect within our technical possibilities and transmission regulations to ensure that in accelerated mode we will attain a volume of 8-9 billion cubic meters of gas a year."

Gunther Oettinger, the European Commissioner for Energy, who attended the signing ceremony, explained the significance of the deal. "It is important that Ukraine makes speedy progress in unifying its legal and regulatory framework with the energy legislation of the EU. This increases the trust of investors and helps the country modernize its energy sector."

Asters Senior Partner Armen Khachaturyan, who led the firm's working team on the project, was proud of Asters' role in the deal. "Cooperation between Slovakia and Ukraine on the reverse gas supply to Ukraine is extremely important for Ukraine under the current complex political and economic circumstances and we take it as a great honor to assist on this matter."  Khachaturyan was assisted by Senior Associate Yaroslav Petrov.

 

 

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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