Business news from Ukraine

GAS TRANSIT THROUGH UKRAINE IN JUNE IS LOWEST MONTHLY VOLUME SINCE 1991

4 July , 2022  

Transit of natural gas through the GTS of Ukraine in June 2022 amounted to 1.25 billion cubic meters. m, which is the minimum monthly volume since 1991.
According to the GTS Operator of Ukraine, the volume of transit for the last month is three times less than in June 2021 (3.72 billion cubic meters), and a quarter lower than in May 2022.
At the same time, Gazprom in June used only 38% of the booked capacity (3.29 billion cubic meters) under a long-term contract. “Combined with the restriction of transit through the Nord Stream 1 gas pipeline, this leads to a “drainage” of the EU gas market and an increase in prices. As a result of the manipulative actions of Gazprom, gas prices in Europe have increased by almost 42% since the beginning of June,” noted in OGTSU.
“Obviously, Russia continues to blackmail Europe with a reduction in gas supplies, which is why its exchange price today already exceeds $1,600. “with the redirection of flows through Ukraine and Poland,” added the head of the operator Sergei Makogon.
As reported, the transit of natural gas through the GTS of Ukraine in 2021 amounted to 41.6 billion cubic meters. m, which is 25.4% less than in 2020 (55.8 billion cubic meters). In general, the transit capacities of the Ukrainian GTS in 2021 were used by less than 30%.
On the Ukrainian gas transport corridor in 2021-2024. there is a mandatory “reservation” for “Gazprom” – 40 billion cubic meters. m (109.6 million cubic meters per day) after 65 billion cubic meters. m (178 million cubic meters/day) in 2020.

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