Gas transit through Ukraine down 5.9% y/y in May.

By bne IntelliNews June 12, 2013

In May, Ukraine reduced the transit of natural gas by 5.9% y/y to 5.98bn cubic metres, Ukrtransgas said. In Jan-May, gas transit declined by 16.45% y/y to 32.16bn cubic metres of which 31.12bn cubic metres were exported to Western Europe and 1bn cubic metres to the CIS countries.  In May, imports of gas from Poland grew by 21% m/m to 27mn cubic metres, while imports of gas from Hungary amounted to 37.8mn cubic metres.

The current oil and gas reserves will help the country to shed its energy dependence, President Viktor Yanukovych said. Ukraine has recently made significant efforts to raise domestic oil and gas output and develop cooperation with leading international companies, he added.

The country intends to import around 30-32.5bn cubic metres of natural gas from all directions in 2013, Eduard Stavytskyi said. The ministry estimates that consumption of natural gas will decrease because of the energy efficiency projects that are being implemented: some 8-8.5bn cubic metres are the estimated savings in the chemical industry and approximately 22-24bn cubic metres in other industries, including heating utilities.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Turkey and Israel aim to ink natural gas pipeline deal by end-2017

Turkey’s Energy Minister Berat Albayrak, son-in-law of President Recep Tayyip Erdogan, is set to visit Israel by the end of this year to conclude an agreement to construct a natural gas pipeline ... more

Polish utility Tauron places €500mn eurobond issue

State-controlled Polish power firm Tauron has sold €500mn worth of eurobonds, the company said on July 5. Tauron needs capital to refinance the costs of construction and the purchasing of a ... more

Hungary signs deal to link to Russia's Turkish Stream gas pipeline

Budapest has signed a deal with Russia's Gazprom to link Hungary with the under-construction Turkish Stream ... more

Most Read

  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    19 hours ago
  2. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    1 day ago
  3. EU allows Gazprom to use an additional 40% of OPAL gas pipeline's capacity
    1 day ago
  4. Tajik president’s 23-year old daughter appointed deputy head of largest Tajik bank
    6 days ago
  5. Bosnia’s ruling coalition collapses
    3 days ago
  1. Erdogan lashes out at Germany, Nato, says "God willing" he'll have Russian missiles soon
    19 hours ago
  2. CHINA RISING: When sleeping giants meet
    15 days ago
  3. Belarus’ retail king Euroopt goes on the road
    20 days ago
  4. STOLYPIN: Donbas continues to be as unpredictable as it is unloved
    1 day ago
  5. STOLYPIN: Russia’s cyber-challenge cuts both ways
    23 days ago

Selected articles from our premium news/views wire IntelliNews Pro

Login to IntelliNews Pro
Get IntelliNews Pro

Reports

Dismiss