Gazprom orders extra transit capacity in Ukraine

24/09/2020 08:16 Natural Gas


Gazprom has boosted its Ukranian gas transit requirements in October, booking additional interstate capacity via auction platforms in Poland and Hungary.

Ukraine’s gas company Naftogaz said the bookings were taken on Sept. 21 through the RBP and GSA platforms. It didn’t disclose the volume of the additional capacity, but said Gazprom will have to pay for this on top of its transit contract with Ukraine.


The parties signed in December 2019 a last-minute gas transit contract for a five-year period. Under the deal, Gazprom booked 65 billion cubic meters per year (Bcm/y) capacity for 2020, and 40 Bcm/y for the remaining of the contract period. The transit is booked on a “ship-or-pay” basis.


“Every additional capacity ordered by Gazprom is additional money for Ukraine and its citizens,” said Naftogaz deputy chairman Serhiy Pereloma. “Ukraine, as a reliable transporter state, will continue to ensure uninterrupted gas transportation for European consumers.”


According to Ukraine’s gas transmission system operator, the country has transited 34.8 Bcm of Russian gas to Europe from January to August this year. This is 80% of Gazprom’s total booked capacity.

Daily (01.03.2021): Oil prices fell on Friday amid strong U.S. dollar, concerns of stronger supply, but notched weekly gains

01/03/2021 11:10:00

Oil prices fell on Friday amid a stronger U.S. dollar and concerns that crude oil supply would rise in response to prices rebounding above pre-pandemic levels. Hence, Brent crude declined by 75 cents, or 1.1%, to settle at $66.13 a barrel. Meanwhile, U.S. WTI crude settled $2.03, or 3.2%, lower at $61.50 per barrel. However, on a weekly basis, Brent surged by 5.1%, while WTI soared by 3.8% and both hiked by 20% in February on supply disruptions in the United States and optimism over demand recovery on the back of COVID-19 vaccination rollout.


Germany receives 200 hydrogen project applications in IPCEI call

01/03/2021 08:39:00

Germany's energy ministry has received around 200 hydrogen project proposals seeking funding under the Important Projects of Common European Interest (IPCEI) program, it said Feb. 25.


Netherlands built Europe’s biggest wind capacity in 2020

01/03/2021 08:32:00

The Netherlands has topped the list of countries with the highest wind capacity installed in 2020.