Gazprom’s Gas Transit Via Ukraine Reaches 40 BCM in 2020

Gazprom’s Gas Transit Via Ukraine Reaches 40 BCM in 2020

Gazprom, Russia’s state-owned gas company, has pumped 40 billion cubic meters (bcm) via Ukraine’s transmission system in 2020, according to Neftegaz

This totals two-thirds of the Russian gas volumes contracted for 2020.

The report states: “Since the beginning of this year, we have transported 40 billion cubic meters of Russian gas to European countries. As of the morning of October 4, we transported 174 mcm per day. This is the maximum expected volume that is now stipulated by the contract with Gazprom for the entire 2020.”

Gas TSO, the Ukranian transition system operator, fully met its obligations to ensure uninterrupted gas transportation to EU countries, Moldova, and Ukrainian consumers. At the same time, the company recalled that the Ukrainian Gas Transmission System Operator (GTS) can transport significantly more natural gas.

Gazprom is also reported to have booked additional capacities for gas transit towards Europe via the Ukrainian gas transmission system in October 2020.

Additional transit services will be paid by Gazprom.

Naftogaz of Ukraine and Gazprom signed a new 5-year gas transit contract with the possibility of extension for 10 years more based on the ‘pump or pay’ principle.


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