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Gazprom will pay for the full volume of gas contracted, but it will not use all the capacity paid.
This year, Gazprom will pump 55 of the 65 billion cubic meters of gas specified in the contract through Ukraine’s GTS, but will pay for the full volume. The head of the Ukrainian GTS operator Sergey Makogon told Oilpoint about this.
“We are ready to carry out additional transit from Russia to the EU,” Makogon commented on Gazprom’s request for additional transit capabilities. Now the capacity of Ukraine’s gas transportation system is loaded by 40%.
He added that Ukraine’s GTS could be more in demand if other gas suppliers besides Gazprom could access the export pipelines to the Russian Federation.
As you know, on January 1, 2020, the transit contract between Naftogaz and Gazprom expired. Under the new agreement, Russian gas transit this year is expected to be at least 65 billion cubic meters. m of gas, which in daily terms is 178 million cubic meters. m. in 2021-2024. the traffic will amount to 40 billion cubic meters. m) The payment of the above volumes is guaranteed even in the case of less pumping through the GTS of Ukraine.
Recall that in seven months of 2020, gas transit through Ukraine collapsed by 44%, to 29.8 billion cubic meters. The drop in traffic along the southern GTS route is associated with the launch of the Turkish Stream.
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