Gas transit decreased by 42% in 2020

For 8 months of 2020, Ukrainian GTS Operator transited 34.8 billion cubic meters of gas in accordance with a new transit agreement signed with Gazprom at the end of 2019, the press service reports. This is 42% less than in the same period last year (59.6 billion cubic meters).

Gazprom has been fully paying for the entire volume of booked capacities, of which only 80% has been used since the beginning of the year.

32.4 billion cubic meters of gas (-36%) were transited in the western direction. In particular, to Poland – 2.6 billion cubic meters, Slovakia – 23.9 billion cubic meters, Hungary – 5.9 billion cubic meters.

Transit amounted to 2.33 billion cubic meters (-73%) in the transbaltic direction. Of these, 0.46 billion cubic meters were transited to Romania and 1.87 billion cubic meters to Moldova.

The drop in transit along the southern route of Ukrainian gas transmission system is due to the launch of Turkish Stream in January 2020, through which gas from Russia is delivered to Turkey, and from there to the countries of the Balkan Peninsula.

The transit agreement between NJSC Naftogaz of Ukraine and Russian Gazprom provides for the reservation of transit facilities in the amount of 65 billion cubic meters of gas (178 million cubic meters per day) in 2020 and 40 billion cubic meters (110 million cubic meters per day) in 2021-2024.

Earlier, Ukrtransgaz reported that the rate of gas injection per day had reached its maximum level.

Tags: Gazprom, gas, Naftogaz, contracts, hydrocarbon production, legislation, energy market, gas production, gas transit, GTS, RF, foreign affairs, Gas market, negotiations, GTS Operator, Ukraine, price, agreement, route, gas supplies, volumes, well, field, OGTSU, infrastructure, energy sector, gas extraction, natural gas, Kyiv, energy security, economy, market, gas transmission system, supplier, consumers

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