PM: Nord Stream cuts Ukraines proceeds by 15% from gas transit.

By bne IntelliNews May 28, 2012
Russia's launch of the Nord Stream gas pipeline has deprived Ukraine of 15% of its proceeds from gas transportation across its territory, believes PM Mykola Azarov. Azarov stressed that it is unfair that Ukraine pays Russia twice as much for gas as Germany does. The first branch of the Nord Stream Russian-German gas pipeline was brought online last November. The second phase is slated for launch this fall. Both branches have a combined design capacity of 55bn m3 per year. Nord Stream is filled with gas taken from transit volumes from the Ukrainian corridor. In Q1, gas imports declined by 52.3% y/y to 8.5bn m3, the State Statistics Service has announced. In March, imports of gas into Ukraine reduced by 57.04% to 2.4bn m3. The entire volume of gas was imported from Russia. The average import price in March was USD 421.16 per 1,000 m3.

Related Articles

Metro Ukraine raises sales by 11% y/y to EUR 877mn in 2012.

In 2012, Metro Cash&Carry Ukraine, which is a retail division of the Metro Group (Germany), raised sales by 10.9% y/y to EUR 877mn, the company said. The company opened two new wholesale ... more

NBU: Gross external debt of Ukraine up 2% q/q in Q4/2012

The Naftogaz Ukrainy has repaid UAH 2.4bn worth of loans so far in 2013. The company was able to repay this amount of loans because of economy of natural gas in all areas of its operation, ... more

EC makes new recommendations for Ukraine.

The European Commission recommends Ukraine to focus on meeting its commitments under the association agenda, reads the ENP Country Progress Report 2012 - Ukraine released on Wednesday. In ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335