Ukraine received $6.2 billion from Russia for gas transit in 2020-2024

Russian Gazprom has transferred about $6.2 billion to Ukraine's Naftogaz of Ukraine NJSC for Russian gas transit services through Ukraine under a 5-year transit contract in 2020-2024, according to the ExPro article 5-year Russian gas transit agreement: results.

In turn, Naftogaz paid about $5.4 billion to the GTS Operator of Ukraine for organizing transit.

In UAH terms, Ukraine has received about UAH 195 billion from Russia over the contract's life. Russia paid the most in 2020 — more than $1.7 billion, due to the higher volumes of booked capacity.

Over 5 years of transit, Ukraine has transported about 148 bcm of Russian gas to European countries.

As a result of the occupation of the Luhansk region, Ukraine temporarily lost access to the Sohranivka gas metering station, one of two entry points to the Ukrainian GTS through which Russian gas entered the system. Russia refused to transfer transit volumes to another point, Sudzha and reduced transit fees. In this regard, Naftogaz of Ukraine applied to international arbitration.

Initially, Naftogaz demanded $150 million in unpaid fees for the booked capacity. In early 2024, Naftogaz increased the amount of its claim to $843 million and reiterated that “due to Gazprom's ongoing violation of the Agreement, the Company reserves the right to increase its claims until the end of the case and, accordingly, the expiration of the Agreement in January 2025.” As of the end of September 2024, Gazprom's accounts receivable for natural gas transportation services amounted to UAH 41.9 billion or more than $1 billion.