Business news from Ukraine

GAS SUPPLIES TO UKRAINE 10 TIMES UP IN JUNE

9 July , 2021  

Natural gas supplies to Ukraine from the EU in June 2021 amounted to 90.3 million cubic meters, which is 10.6 times more than in May (8.5 million cubic meters), the press service of Gas Transmission System Operator of Ukraine (GTSOU) has said.
According to its data, the entire volume of June imports was received by backhaul from Hungary.
At the same time, total supplies to the country in the first half of 2021 fell 12.4 times (by 7.405 billion cubic meters) compared to the same period last year, to 651 million cubic meters. In particular, in the mode of a customs warehouse for storage in the UGS facilities, the country received 97 million cubic meters of gas in the six months.
Net exports of natural gas from Ukraine to European countries in June amounted to 15 million cubic meters, re-export – 7 million cubic meters. In total, in January-June-2021, some 64 million cubic meters of gas were exported, 689 million cubic meters – re-exported from the customs warehouse.
“The unique ramified infrastructure of the Ukrainian GTS allows you to quickly and flexibly respond to fluctuations in demand and, if necessary, provide additional transit capacities to European partners,” Serhiy Makogon, the head of GTSOU, said.
At the same time, he stressed, in the absence of a long-term transit contract, the infrastructure of the Ukrainian gas transportation system will be optimized, and the European market will lose these maneuverable capacities, becoming dependent on the Gazprom monopoly.
“The threat of building bypass gas pipelines and monopolizing supply routes is a threat to all Europeans from the point of view of energy and economic security,” Makogon summed up.

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