Natural gas transit from Russia via Ukraine dropped to a historical minimum – 1.25 bcm in June

Russian natural gas transit via Ukrainian GTS in June 2022 has dropped to the lowest value since at least from 1991 – 1.25 bcm. This is evidenced by the operational data of the GTS Operator of Ukraine LLC.

Compared to May 2022, the gas transit volume fell by 27%, and compared to June of the previous year, transit decreased by almost three times. Thus, Gazprom used only 38% of the reserved capacities (3.29 bcm) under the long-term contract.

At the same time, Gazprom does not fully pay for the reserved capacities, thus violating the concluded contract. Gazprom refers to the fact that GTSOUA refuses to accept nominations at the Sokhranivka point, which is located in the temporarily occupied territory.

In June, Russia transported gas through Ukraine to two countries (out of 5 possible) - Slovakia (1.1 bcm) and Moldova (150 mcm).

In general, during the 1H2022, Gazprom transported 12.27 bcm of natural gas through the Ukrainian GTS. In total, the long-term contract provides for the transit of 40bcm in 2022, but the probability of fulfilling these volumes is minimal.

09:00 / 1 July 2022

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