Gazprom has not booked capacities for Q1-2022 via Ukraine and Poland

Gazprom refused to book additional transit capacity through Ukraine and Poland for the first quarter of 2022, according to the results of booking auctions on the GSA Platform and Regional Booking Platform, Interfax-Ukraine reports.

This year, the company prefers to refrain from long-term bookings, preferring mostly monthly contracts.

The liberalization of the European gas market led to the rejection of long-term transit agreements. They were replaced by an auction booking to eliminate unnecessary booking costs for excess capacity due to the price of gas. As a result, shippers are free to book only the amount of capacity that they need, and for the time when it will be necessary.

As a reminder, the GTSOU reports that Gazprom continues to reduce the volume of gas transit to the EU.