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Transit of Russian gas through Ukraine through TurkStream decreases by half

Source : 112 Ukraine

In case of commissioning of another branch of TurkStream and launch of Nord Stream 2, the need for the Ukrainian gas transportation system will disappear
16:07, 23 July 2020

TurkStream
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As a result of the commissioning of the TurkStream gas pipeline, Ukraine transported 45% less gas to Europe in the first half of the year than in the same period of 2019. irector General of Gas Transmission System Operator of Ukraine Serhiy Makohon said this, as 112.ua correspondent reports.

Bulgaria, Greece, Turkey, and, since last month, Romania, have been receiving gas directly from Russia via an alternative pipeline. If the second branch of the TurkStream is built next year, Ukraine could lose another 15 billion cubic meters of potential transit, and with the commissioning of Nord Stream 2, Russia’s need for a Ukrainian gas transportation system will disappear altogether.

“In the future, the launch of alternative Russian gas pipelines creates serious economic risks - revenues from gas transit account for up to 70% of revenues of Gas Transmission System Operator of Ukraine, Makohon said. However, because the team that negotiated with Gazprom was able to sign a contract with condition ‘ship or pay’, we will receive payment in full at the rate of gas transportation of 178,000 cubic meters per day. Despite the fact that almost 23% of Gazprom's capacity is not used, it pays in full.”

Related: US opens door to Nord Stream 2 sanctions and transatlantic tensions

Director-General of Gas Transmission System Operator of Ukraine predicts that by the end of the year the transit of Russian gas through the Ukrainian transmission system will amount to 52-55 billion cubic meters, which is 10 billion cubic meters less than the volume reserved by Gazprom. According to the five-year contract, Gazprom reserved 65 billion cubic meters for 2020, and 45 billion cubic meters per year for the next 4 years.

Related: EU diplomacy opposes U.S. sanctions on Nord Stream 2

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