Business news from Ukraine

Business news from Ukraine

RUSSIAN GAZPROM TO PAY $2 BLN FOR GAS TRANSIT ACROSS UKRAINE IN 2020

Naftogaz Ukrainy Executive Board Chairman Andriy Kobolev estimates the proceeds from PJSC Gazprom for the transit of Russian gas through the gas transmission system (GTS) of Ukraine at about $2 billion in 2020.
“I think this year the figure will be close to $2 billion,” he told journalist Yanina Sokolova on the YouTube channel on Tuesday evening.
The head of Naftogaz said that the “take or pay” principle enshrined in the contract during the economic crisis is important for the country in terms of obtaining a guaranteed income from the provision of transit services.

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UKRAINIAN BANS FOREIGNERS IN TRANSIT FROM ENTERING COUNTRY

The Ukrainian government has made changes to the list of exceptions for foreigners who are not denied entry in the country, the Ukrainian Foreign Ministry said on Facebook.
The new rules scrap the provision allowing foreigners who are in transit on the territory of Ukraine to enter the country.
Exceptions from the entry ban are made for people who are spouses, parents, children, or grandparents of a citizen of Ukraine.
Children are given legal status before they become full of age.
If people are sent to Ukraine to study, they only have to go to higher education establishments.
According to earlier reports, the Ukrainian government closed the borders to foreign citizens until September 28.
The restriction did not affect people who have residence permits, are members of international and humanitarian missions, who enter the country in transit, who drive cargo road vehicles, are instructors of NATO states, culture figures, people who have invitations from culture establishments, and also some other categories of people.

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GAS TRANSIT VIA UKRAINE’S GTS FALLS

Transit of natural gas through the gas transmission system (GTS) of Ukraine in January-August 2020 amounted to 34.8 billion cubic meters., which is 42% less than in the same period in 2019 (59.6 billion cubic meters).
According to the report of Gas Transmission System Operator of Ukraine LLC (GTSOU), 32.4 billion cubic meters of gas were transported in the western direction (Slovakia – 23.9 billion cubic meters, Hungary – 5.9 billion cubic meters, Poland – 2.6 billion cubic meters), which is 36% less than in January-August-2019, in the trans-Balkan region – 2.3 billion cubic meters (Moldova – 1.87 billion cubic meters, Romania – 0.46 billion cubic meters), which is 73% less than last year in this direction.
Despite a significant drop in transit compared to last year, Gazprom (Russia) fully pays for the transit capacity booked for this year (178 million cubic meters per day), which it used by 80% in January-August.
“For its part, GTSOU fulfills all daily requests and will continue ensuring uninterrupted gas transportation to European countries in the future,” the company said.

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UKRAINE CUTS OIL TRANSIT TO EURTRANSIT OPE

Oil transit through Ukraine to European countries in January 2020 decreased by 3.6% (by 40,000 tonnes) compared to the same period in 2019, to 1.057 million tonnes, JSC Ukrtransnafta has reported. The volume of oil transportation to oil refineries in the country in January 2020 amounted to 188,500 tonnes, which is 16% (26,100 tonnes) more than in January 2019.
Thus, in January 2020, the share of transit volume in the total transportation of oil (1.246 million tonnes) was 84.9%, the share of pumping to the country’s refineries was 15.1%.

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UKRAINE REDUCES OIL TRANSIT TO EUROPE IN 2019

Oil transit through Ukraine to European countries in 2019 decreased by 1.6% (by 208,200 tonnes) compared to the same period in 2018, to 13.127 million tonnes, JSC Ukrtransnafta has reported.
The volume of oil transportation to oil refineries in the country in 2019 amounted to 2.382 million tonnes, which is 13.4% (281,300 tonnes) more than in 2018.
Thus, in 2019, the share of transit volume in the total transportation of oil (15.509 million tonnes) was 84.6%, the share of pumping to the country’s refineries was 15.4%.
In December 2019, oil transit through Ukraine by pipelines decreased by 5.7% (by 69,700 tonnes) compared to the same month of 2018, to 1.160 million tonnes, while pumping to the country’s refineries increased by 18.1% (by 31,700 tonnes), to 207,100 tonnes

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UKRAINE RAISES GAS TRANSIT BY 3.2% IN 2019

Ukraine in 2019 increased transit of natural gas through its gas transmission system (GTS) by 3.2% (by 2.807 billion cubic meters) compared to 2018, to 89.586 billion cubic meters, according to recent data from JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, in particular gas transit through the country to Europe last year amounted to 86.696 billion cubic meters (3.4% more from 2018), to Moldova some 2.890 billion cubic meters (1.7% less).
In December 2019, gas transit increased by 6.3% (by 479.8 million cubic meters) compared to the same month of 2018, to 8.092 billion cubic meters. In particular, gas transit through Ukraine to Europe amounted to 7.736 billion cubic meters (up by 7%), Moldova some 356.1 million cubic meters (7.2% less).

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