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Russia scales down gas transit through Ukraine

Staff Writer | August 4, 2017
More Russian gas is being pumped through OPAL, the European pipeline that connects Gazprom’s Nord Stream to Germany and the Czech Republic.
Russia gas
Energy   Russia seeks to cut gas transit
This comes as Russia seeks to cut gas transit through Ukraine.

On August 1, Russian energy major Gazprom won an auction to use OPAL’s free capacity.

The next day, the pipeline saw an increase in gas transit from 56 million cubic meters (mcm) to 71.5 mcm per day, Vedomosti daily reports, quoting OPAL Gastransport data.

Gas transit from Ukraine dropped from 161 mcm on Tuesday to 147.6 mcm on Wednesday before stabilizing at 155.1 mcm by Wednesday evening.

Kiev can lose 20 percent of its gas transit and about $400 million a year, Fitch Ratings oil and gas analyst Dmitry Marinchenko told the media.

In October 2016, the European Commission approved the expansion of Gazprom's access to OPAL.