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Main Business Transit of Russian Gas to Europe via Ukraine Increases by 11%

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Transit of Russian Gas to Europe via Ukraine Increases by 11%

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Transit of Russian Gas to Europe via Ukraine Increases by 11%

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In January-June 2024, compared to the same period last year, Russia increased gas supply for transit through Ukraine's gas transportation system to the European Union and Moldova by 11% to 7.7 billion cubic meters. This was reported by the company Operator GTS of Ukraine.

In June, Ukraine increased the transit of Russian gas by 3.2% to 1.28 billion cubic meters compared to the same period last year.

In July, President Volodymyr Zelensky informed that Ukraine does not want to extend the transit contract with Russia and is instead considering alternative suppliers, including Azerbaijan.

In 2023, Ukraine reduced the transit of Russian gas by 28.5% to 14.65 billion cubic meters compared to 2022.

In December 2019, the companies Naftogaz of Ukraine, Operator GTS of Ukraine, and Russia's Gazprom signed a contract for the transit of Russian gas to Europe through Ukraine starting from 2020.

Under the new five-year gas transit contract, which can be extended after 2024, Ukraine and Russia agreed that the transit volume would be 65 billion cubic meters in 2020 and 40 billion cubic meters annually from 2021 to 2024.

The Odessa Journal
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