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In Q1 2020, Russia cut gas transit via Ukraine twice

Source : 112 Ukraine

This is in comparison with January-March in years 2014-2019
16:15, 2 April 2020

Open source

The overall volume of gas transit across Ukraine in January-March 2020 fell twice in comparison with the same period in 2014-2019. Operator of Ukraine's GTS reported that on Thursday.

In March, 4.6 billion cubic meters of gas passed through Ukraine; that's 18 percent more than in February 2020, but less than in March 2019.

In the first quarter of this year, the volume of gas transit across Ukraine made 53 percent less than last year's index.

"The volumes of transit, in fact, dropped twice in comparison with the average index of January-March 2019. At that, in early 2020, JSC Gazprom fully paid for the work of power output of the gas transit, which is in line with the new transit agreemend, with the account for 65 billion cubic meters per year", reads the message. 

Related: Russia uses less than half of Ukraine's Gas Transmission System’s capacity in January

As is known, Ukraine, Russia and the EU signed the new gas cotract for five years with the opportunity to extend in by ten years. The deal guarantees the minimal pumping pf gas in the amount of 65 billion cubic meters over the first year; another 40 billion will be pumped over the course of the next four years.

The GTS operator works on the pump or pay basis, which was previously introduced in the Ukrainian energy legislation in accordance with European norms.

Related: Gazprom transported four billion m3 of gas through Ukraine’s Gas Transmission System in February

 

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