Ukraine to offer Europe additional gas transit volumes – from 55 bln cu m a year

The National Security and Defense Council instructed the Cabinet of Ministers to examine a possibility of supplying Europe with additional 55 billion cubic meters of gas a year at least.

"The Cabinet of Ministers together with NJSC Naftogaz of Ukraine and Gas Transmission System Operator of Ukraine set special conditions for the transportation of additional volumes of natural gas via the Ukrainian gas transmission system to the European Union in the amount of at least 55 billion cubic meters per year," Secretary of the National Security and Defense Council Oleksiy Danilov said at a briefing on October 22 following the NSDC meeting, an Ukrinform correspondent reported.

He said that Ukraine could offer Europe additional volumes of gas in excess of those it pumped under a transit contract with Gazprom.

Danilov also informed that the Government of Moldova had asked the Cabinet of Ministers of Ukraine to provide assistance in gas supplies. According to the NSDC Secretary, Ukraine will consider this request.

At the same time, Danilov clarified that gas could be transferred to Moldova free of charge for a certain period, provided it is returned in subsequent periods.

Russia's gas monopoly Gazprom has reduced gas transit via Ukraine's gas transmission system three times since the beginning of this year.

In September 2021, Gazprom booked only 4% of the additional guaranteed transit capacities which led to a reduction in the Russian gas volumes transported through Ukraine. In September 2021, the natural gas transit via the Ukrainian GTS to European countries totaled 3.257 billion cubic meters.

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