russian gas transit through Ukraine dropped to 20 bcm, but it still has to pay for shipping 65 bcm this year

Read in Google News!

russian gas transit through Ukraine dropped by 46% January-May y-o-y, to 20 billion cubic meters, says Ukraine’s state-run gas transit operator.

At this rate, russia may send 52-55 bcm across Ukraine this year, about 40% less than last year and 15-20% less than the contracted volume. Under the contract signed Dec. 30, russia commits to paying for shipping 65 bcm this year, whether it ships it or not. russia is up to date on payments, reports Ukraine’s Transmission System Operator.

“If they walk away, it will open a Pandora’s box,” Yuriy Vitrenko, the Naftogaz executive who negotiated the new transmission contract, tells the UBN. “They may not like it, but they can only walk away if they have a legal justification.” Under the five-year contract, Gazprom commits to shipping 40 bcm a year from 2021 to 2024.

Читай у Google News!