A new Russia gas contract with Ukraine should be for more than 10 years, with commercially viable volumes to attract “a European company with high reputation,”

A new Russia gas contract with Ukraine should be for more than 10 years, with commercially viable volumes to attract “a European company with high reputation,” Maroš Šefčović, European Commision vice president for Energy, said after Russia-Ukraine-EU gas talks in Brussels on Monday. He gave Russian and Ukrainian negotiators a proposal with specific volumes, tariffs and investment levels and asked both sides to return to talks in May. Ten European companies and one US company are interested in operating the pipeline. None want to buy it.