Economy 2023-09-15T06:01:05+03:00
Ukrainian news
Ukraine Cuts Natural Gas Transit By 13% To 21.7 Billion Cubic Meters In H1 – Ukrainian GTS Operator

Ukraine Cuts Natural Gas Transit By 13% To 21.7 Billion Cubic Meters In H1 – Ukrainian GTS Operator

Ukraine, natural gas, Gazprom, gas transit, natural gas transit, natural gasgas, Ukrainian Gas Transport System Operator, Ukrainian GTS

In the first half of 2021, Ukraine cut the natural gas transit by 12.97% year over year to 21.67 billion cubic meters.

The Ukrainian Gas Transport System Operator state-run enterprise has said this in a statement, Ukrainian News Agency reports.

"In June, the natural gas transit via the Ukrainian GTS towards countries of Europe made 3.72 billion cubic meters, which is almost the same with the May indicators. The average daily transit made 124 million cubic meters," says the statement.

According to the report, Russia's gas monopoly Gazprom utilizes all the previously-booked capacity and has not shown its interest in additional transit capacity despite a record-breaking growth of natural gas prices on the European gas markets.

Besides, the Ukrainian Gas Transport System Operator noted that on July 5, 2021, additional capacity was not booked at the annual auctions at GSA Platform and Regional Booking Platform for the 2021-2022 gas year (the period from October 1, 2021, to September 30, 2022).

"The Ukrainian Gas Transport System Operator is an EU countries’ reliable partner and is ready to boost the gas transit via the territory of Ukraine. It offers additional facilities to satisfy the current demand for gas in Europe. If Gazprom cannot satisfy the gas demand, other Russian and Central Asian gas producers should be let use Ukrainian and Russian GTS to transit the gas to the EU," company’s director-general Serhii Makohon said.

According to Makohon, the EU should estimate Gazprom’s actions and stop violations by its dominating market position aimed at approval to the Nord Stream-2 project.

As Ukrainian News Agency earlier reported, in 2020, Ukraine cut natural gas transit via its GTS towards Europe by 38% year over year to 55.8 billion cubic meters.