16:27 15.05.2018

Ukraine not importing gas from Russia for 900 days

2 min read
Ukraine not importing gas from Russia for 900 days

National joint-stock company Naftogaz Ukrainy has not been importing natural gas under the contract with Russia's Gazprom for 900 days – since November 26, 2015, buying gas only on the western border of the country.

"Today 900 days has passed from that historic moment when Ukraine started using an opportunity of not importing gas from Russia," public joint-stock company Ukrtransgaz said.

As reported, on March 1, 2018, Gazprom refused to resume gas supplies to Ukraine, returning an advance payment of $127.624 million to Naftogaz, violating the decision of the Arbitration Institute of the Stockholm Chamber of Commerce, which revised the pricing of the contract between the companies.

The actions on the part of Gazprom also made it impossible for Naftogaz to comply with the award of the tribunal to purchase minimum annual contractual volumes of gas.

Ukraine in January-April 2018 cut imports of natural gas by 54.6% or 2.554 billion cubic meters (bcm) year-over-year, to 2.209 bcm. In particular 1.426 bcm were received from Slovakia (63.9% less compared to January-April 2017), 510.3 million cubic meters (mcm) from Hungary (30.3% up), and 272.5 mcm from Poland (35.3% down).

Ukrtransgaz, 100% owned by Naftogaz Ukrainy, operates a system of trunk gas pipelines and 12 underground gas storage facilities in the country.

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