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Tuesday, December 7, 2021

Gas prices. Gazprom will not increase gas transit through Ukraine

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No more gas will flow through Ukraine in November, the Russian Gazprom has decided. The concern has not reserved any additional transmission capacity for this month. The offer, which Gazprom did not take advantage of, concerned the transmission capacity of 9.8 million cubic meters. gas daily.

This offer included the capacity proposed in addition to the amount of gas provided for in the transit contract, which provides for the transmission of 40 billion cubic meters through Ukraine. annually (about 109.5 million cubic meters per day).

Gas prices up

According to the Russian TASS agency, after the news that Gazprom has withdrawn from reserving additional capacity, the price of gas in the hub in Rotterdam increased by 10.2 percent on the ICE exchange.

Moreover, Gazprom has reserved smaller capacities of the Yamal pipeline for November – 31.4 million cubic meters. of gas per day from the proposed 89 million cubic meters. per day. Gas is transported through Poland through the Yamal gas pipeline.

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Also a month earlier, when the Ukrainian gas pipeline operator offered additional transit capacity, Gazprom refused to increase transit through Ukraine, “Kommersant” reminds.

Main photo source: Shutterstock

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