Gazprom (MOEX: GAZP) has declined to book additional transit capacity via Ukraine and Poland for Q1 2022, according to the results of booking auctions on GSA Platform and Regional Booking Platform.
Gazprom has been refraining from long-term bookings this year, preferring mostly monthly contracts.
Liberalization of the European gas market has resulted in the rejection of long-term transit agreements. Transparent auction bookings have replaced the long-term agreements in order to eliminate excess booking costs from the gas price. Consequently, those shipping gas are free to book only their required capacity amount, and for the time when the capacity would be necessary.
UKRAINE
Gas Transmission System Operator of Ukraine distributed the proposed capacity along two routes, with 9.8 million cubic meters per day offered at the Sudzha gas-measuring station, and an additional 5.2 million cubic meters per day offered at the Sokhranovka gas-measuring station, though they were unclaimed.
Gazprom has a long-term booking of Ukrainian capacities totaling 40 billion cubic meters, which is 109 million cubic meters per day.
POLAND
Gazprom also did not book any capacity via the Polish section of the Yamal-Europe gas pipeline for the first quarter of 2022. The 2,000-km Yamal-Europe gas pipeline has the capacity to pump up to 33 billion cubic meters per year. The EuRoPol Gaz joint venture owns Poland’s 683-km section of the pipeline, and the national gas transmission operator Gaz-System operates the pipeline. Gazprom’s long-term contract for transit via Poland ended a year ago, with capacity since then being allocated based on auction bookings. For the gas year from October 2020 to September 2021, Gazprom booked capacity at an annual auction. The company then booked part of the pipeline’s capacities at monthly auctions.
President of Ukraine Volodymyr Zelensky discussed with Canadian Prime Minister Justin Trudeau the operation of the Free Trade Agreement (FTA) and the liberalization of the visa travel.
“During a meeting at COP26, I thanked Justin Trudeau for Canada’s continued support of Ukraine, our European integration and NATO membership aspirations. The effect of the Free Trade Agreement was positively assessed. Simplification of trips to Canada for Ukrainian citizens was discussed,” Zelensky said on Twitter on Monday.
Ukrainian banks’ cash exchange rates on 02/11/21
Source: Interfax-Ukraine
Sales of new passenger cars in October this year decreased by 8% compared to the same month last year and by 14% from September this year, to 8,000 units, AUTO-Consulting reports.
“The reason for a decrease was the shortage of cars due to the crisis with microchips in the global auto industry. In October, it also covered the Ukrainian car market and knocked down sales of most operators. But there were also those who decided to take advantage of the shortage of cars from competitors and, on the contrary, increased sales,” the report says.
Toyota retained its leadership in the market in October, but the auto deficit reduced its indicators by 18% from September 2021 – to 1,243 units. The second and third places, as before, also were occupied by Renault (sales dropped by 27%, to 920 units) and Kia (minus 33%, to 669 units).
At the same time, China’s Chery moved to the fourth position in the ranking (from the eighth in September) with a 25% increase in sales, to 488 cars.
Mitsubishi, Hyundai and Nissan retained their positions, while Mitsubishi added 3% in sales compared to September.
According to the analysts of the group, the further picture of the location of the brands fixes not so much the market result as the amount of car stocks at dealerships and their outflow/arrival.
“Not so many car brands were able to take advantage of the deficit of competitors. It is clearly seen that so far Chinese manufacturers are benefiting from the chip crisis, since almost all of them have recorded a stable growth in sales,” the source said.
According to it, a total of 84,000 new passenger cars were sold in Ukraine in January-October, which is 22% more than in the same period last year and is almost equal to the indicator for the entire last year.
“So 2021 will already be a positive year, despite the quarantines and chip crises,” the experts said.
Net profit of Ukrgasbank (Kyiv) in January-September 2021 amounted to UAH 1.748 billion, which is 2.6 times more than in the same period of 2020 (UAH 685.19 million), according to the bank’s quarterly report posted on his website.
According to it, in the third quarter Ukrgasbank’s net profit amounted to UAH 1.021 billion, which is 4.1 times more than in the same period in 2020 (UAH 248 million)
The bank’s net interest income (after deductions on credit losses) in January-September 2021 grew 2.4 times compared to the same indicator a year earlier, from UAH 1.28 billion to UAH 3.131 billion, net fee and commission income rose by 27.5%, to UAH 1.108 billion.
Ukrgasbank’s assets in January-September 2021 fell by 21% to UAH 112.77 billion, and cash and cash equivalents by 23.8%, to UAH 26.88 billion, while loans to customers and finance lease grew by 4.8%, to UAH 49.82 billion
In addition, the bank’s investments, which are measured at fair value through other comprehensive income, decreased 1.7 times in January-September 2021, to UAH 32.08 billion, while investment property remained at the level of UAH 149.255 million.
Liabilities of Ukrgasbank in January-September fell by 33.3%, to UAH 102.9 billion, including customer funds decreased by 28%, to UAH 91.125 billion, while funds from credit institutions increased 46%, to UAH 8.28 billion, and provisions for guarantees, liabilities and legal risks grew by 1.7 times, to UAH 702.9 million.
The bank’s equity capital in January-September 2021 grew by 15.7%, to UAH 9.9 billion. The charter capital remained at the level of UAH 13.84 billion.
JSB Ukrgasbank was established in 1993. The state, represented by the Ministry of Finance, owns 94.94% of the shares of the financial institution.
According to the National Bank of Ukraine (NBU), as of September 1, 2021, Ukrgasbank ranked fifth in terms of total assets (UAH 124.417 billion) among 72 banks operating in the country.
The first day of participation in the UN Climate Change Conference COP26 in Glasgow (UK), President of Ukraine Volodymyr Zelensky concluded by discussing military and defense cooperation with British Prime Minister Boris Johnson, the presidential press service has said.
“During the conversation with British Prime Minister Boris Johnson, important issues of bilateral interaction, military and defense cooperation, European and world agendas were raised,” the presidential press service said in the statement.
On Monday, Zelensky spoke with Prime Ministers of Israel Naftali Bennett, Sweden Stefan Leuven, Georgia Irakli Garibashvili, Luxembourg Xavier Bethel, Austrian Chancellor Alexander Schallenberg and President of Guinea-Bissau of security in Europe, in particular in eastern Ukraine, and the world,” the President’s Office.
