Russia’s Gazprom sharply reduces gas transit through Ukraine

19 January, 12:43 PM
Gazprom reduced transit through Ukraine by 23% (Photo:Maxim Shemetov / Reuters)

Gazprom reduced transit through Ukraine by 23% (Photo:Maxim Shemetov / Reuters)

The volume of Russian gas supply to Europe confirmed by Ukraine decreased by 23%, to 25.1 million cubic meters (mcm) as of Jan. 19, the Interfax-Ukraine news agency has reported.

On Jan. 18, this figure amounted to 32.6 mcm, the agency said.

The capacities have been declared only on one of the two entrances to the Ukrainian gas transit system, namely on the Sudzha gas metering station.

In early 2023, the volume of pumping gas through Ukraine amounted to 43.3 mcm.

However, in the first week of 2023, the figure decreased by 7.8 mcm, to 35.5 mcm.

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Warm weather in October, November and January, as well as economic measures have led to the fact that the level of gas reserves in European gas storage facilities is currently the highest in the history of observations (about 80%).

February futures at the TTF hub in the Netherlands are fluctuating at $700 per 1,000 cubic meters of gas as of Jan. 19.

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