Economy

Ukraine cuts gas imports by 44.5% in Jan-May

 Ukraine in January-May 2018 cut natural gas imports by 44.5% or 2.612 billion cubic meters (bcm) year-over-year, to 3.341 bcm, according to information from public joint-stock company Ukrtransgaz.

According to calculations made by Interfax-Ukraine, in particular 2.384 billion cubic meters were received from Slovakia in January-May 2018 (51.6% less compared to January-May 2017), 645.6 million cubic meters from Hungary (21.2% up), and 311.2 million cubic meters from Poland (36.6% down).

Imports in May 2018 amounted to 1.132 billion cubic meters of gas, which is 4.9% less than in May 2017 (1.19 billion cubic meters).

At the same time, Ukraine has not imported natural gas under the contract with Gazprom for almost two years and a half (since November 26, 2015), purchasing it exclusively on its western border.

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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