Ukraine to pump 2.5bn cubic meters of Russia gas in August.

By bne IntelliNews August 1, 2013

In August, Naftogaz plans to pump 2.5bn cubic meters of gas from Russia's Gazprom into underground gas storage facilities, Ukrainian Energy and Coal Industry Minister Eduard Stavytsky stated.

Ukraine reduced gas imports by 48% y/y to 1.6bn cubic meters in June. Ukraine imported 262.7mn cubic meters of gas from Europe through Poland and Hungary in June, while imports from Russia amounted to 1.3bn cubic meters.

In H1, imports amounted to 10.9bn, down by 31.5% y/y. Out of this amount, about 10.3bn cubic meters of gas was imported from Russia, down by 35% y/y. Moreover, the country imported about 642.6mn cubic meters of gas from Europe in H1, including 155.8mn cubic meters through Hungary and 486.8mn cubic meters through Poland.

Russia's Gazprom is the main supplier of gas for Ukraine. Last year Ukraine purchased 32.87 billion cubic meters of natural gas. In 2013, Naftogaz is planning to reduce the purchase of natural gas from Russia to 18-20bn cubic meters.

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